Skills development: Policies for enhancing the employer ecosystem

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</li> <li class="rf-main-nav__sub-item"><a href="/us/en/affiliates/careers-support-resources.html" class="rf-main-nav__sub-item-link"><span class="rf-main-nav__sub-item-text">Career support resources</span></a> </li> </ul> </li> <li class="rf-main-nav__item"><a href="/us/en/professional-insights.html" class="rf-main-nav__item-link"><span class="rf-main-nav__item-text">Policy and insights</span></a> <ul class="rf-main-nav__sub-menu navigation-sub-menu"> <li class="rf-main-nav__sub-item"><a href="/us/en/professional-insights/intro-pi.html" class="rf-main-nav__sub-item-link"><span class="rf-main-nav__sub-item-text">About policy and insights at ACCA</span></a> </li> <li class="rf-main-nav__sub-item"><a href="/us/en/professional-insights/new-meet-the-team.html" class="rf-main-nav__sub-item-link"><span class="rf-main-nav__sub-item-text">Meet the team</span></a> </li> <li class="rf-main-nav__sub-item"><a href="/us/en/professional-insights/global-economics.html" 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data-url="/content/accaglobal/wales/en.html" data-region-id="WLS" data-region-grouping-id="">Wales</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ie/en.html" data-region-id="IE" data-region-grouping-id="">Ireland</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ubcs/en.html" data-region-id="AM" data-region-grouping-id="ubcs">Armenia</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ubcs/en.html" data-region-id="AZ" data-region-grouping-id="ubcs">Azerbaijan</a> </li> </ul><ul class="rf-country-selector-region__list"> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ubcs/en.html" data-region-id="BY" data-region-grouping-id="ubcs">Belarus</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/crsh/en.html" data-region-id="CZ" data-region-grouping-id="crsh">Czech Republic</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ubcs/en.html" data-region-id="EE" data-region-grouping-id="ubcs">Estonia</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ubcs/en.html" data-region-id="GE" data-region-grouping-id="ubcs">Georgia</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/crsh/en.html" data-region-id="HU" data-region-grouping-id="crsh">Hungary</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ubcs/en.html" data-region-id="LV" data-region-grouping-id="ubcs">Latvia</a> </li> </ul><ul class="rf-country-selector-region__list"> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/ubcs/en.html" data-region-id="LT" data-region-grouping-id="ubcs">Lithuania</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="http://www.accapolska.pl" data-region-id="PL" data-region-grouping-id="">Poland</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/russia/en.html" data-region-id="RU" data-region-grouping-id="">Russia</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/crsh/en.html" 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data-url="/content/accaglobal/middle-east/en.html" data-region-id="OM" data-region-grouping-id="middle-east">Oman</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/middle-east/en.html" data-region-id="BH" data-region-grouping-id="middle-east">Bahrain</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/middle-east/en.html" data-region-id="KW" data-region-grouping-id="middle-east">Kuwait</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/middle-east/en.html" data-region-id="SA" data-region-grouping-id="middle-east">Saudi Arabia</a> </li> <li class="rf-country-selector-region__item"> <a href="#" class="rf-country-selector-region__item-link" data-url="/content/accaglobal/middle-east/en.html" data-region-id="EG" 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</div> </div> <div id="main"> <div class="header-banner articleHeroBanner"><div class="content-section hero-banner"> <div class="hero-banner-image"> <div class="hero-banner-blur" style="background-image: url(/etc.clientlibs/membersbeta/clientlibs/static-assets/resources/img/components/hero/article-default-hero-image-9.jpg);" data-image="/etc.clientlibs/membersbeta/clientlibs/static-assets/resources/img/components/hero/article-default-hero-image-6.jpg"></div> <div class="hero-banner-overlay"></div> </div> <div class="inner hero-article-heading-container"> <div class="hero-panel"> <p class="article-category"> Policy and insights report</p> <p class="article-date"> 17 April 2024</p> <h1> Skills development: Policies for enhancing the employer ecosystem </h1> </div> </div> <div class="inner hero-article-details-container hidden-xs hidden-sm"> <div class="hero-resource-details articleHeroDetails"><div class="hero-article-details"> <div class="row"> <div class="col-xs-12 col-sm-offset-7 col-md-4"> <div class="panel panel-article-details"> <span class="cpd-icon"></span> <div class="content"> <h2> Policy and insights report</h2> </div> </div> <div class="panel panel-author-details"> <div class="details"> <div class="content"> <h4> Written by</h4> <h3> Joe Fitzsimons, senior manager – policy and insights, ACCA</h3> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="content-section section-article-content"> <div class="inner"> <div class="hero-article-details-container visible-xs visible-sm"> <div class="hero-resource-details articleHeroDetails"><div class="hero-article-details"> <div class="row"> <div class="col-xs-12 col-sm-offset-7 col-md-4"> <div class="panel panel-article-details"> <span class="cpd-icon"></span> <div class="content"> <h2> Policy and insights report</h2> </div> </div> <div class="panel panel-author-details"> <div class="details"> <div class="content"> <h4> Written by</h4> <h3> Joe Fitzsimons, senior manager – policy and insights, ACCA</h3> </div> </div> </div> </div> </div> </div> </div> </div> <div class="row"> <div class="article-content-top col-xs-12 col-sm-12 col-md-10 col-md-offset-1"> <ul class="breadcrumb-nav"> <li> <a href="/us/en.html">Home</a> </li> <li> <a href="/us/en/professional-insights.html">Policy and insights</a> </li> </ul> <div class="socialsharing socialSharing"><div class="social-sharing sticky hidden-print"> <ul> <li data-tooltip="Share on Twitter"> <a href="#" onclick="window.open('https://twitter.com/home?status=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html','name','width=600,height=400')"> <span class="text"> Twitter </span> <span class="icon"> <i class="icon-social-twitter"></i> </span> </a> </li> <li data-tooltip="Share on Facebook"> <a href="#" onclick="window.open('https://www.facebook.com/sharer/sharer.php?u=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html','name','width=600,height=400')"> <span class="text"> Facebook </span> <span class="icon"> <i class="icon-social-facebook"></i> </span> </a> </li> <li data-tooltip="Share on LinkedIn"> <a href="#" onclick="window.open('https://www.linkedin.com/shareArticle?mini=true&url=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html&title=&summary=&source=','name','width=600,height=400')"> <span class="text"> LinkedIn </span> <span class="icon"> <i class="icon-social-linkedin-inverted"></i> </span> </a> </li> <li data-tooltip="Share via email"> <a href="mailto:?body=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html"> <span class="text"> Email </span> <span class="icon"> <i class="icon-email"></i> </span> </a> </li> <li class="copy" data-tooltip="Copy link to clipboard"> <a href="#" class=""> <span class="text"> Copy </span> <span class="icon"> <i class="icon-copy-to-clipboard"></i> </span> </a> </li> </ul> </div></div> <div class="contentIntro title"><h2 class=""> These proposals would provide a tangible incentive for organisations to upskill individuals to deliver the skills needed to grow and prosper</h2> </div> </div> </div> <div class="row article-main"> <div class="article-content-main col-xs-12 col-sm-7 col-md-6 col-md-offset-1"> <div class="main-content parsys"><div class="image parbase section"><p class=""> <img src="/content/dam/ACCA_Global/professional-insights/skills-development/EyeEm-129162279%201-560.jpg/_jcr_content/renditions/original" alt="EyeEm-129162279 1-560" title="EyeEm-129162279 1-560" class="cq-dd-image"></p></div> <div class="textSection text section"><p>The UK skills and employment landscape resembles not so much a crossroads as Spaghetti Junction – fast moving, potentially confusing and with far-reaching implications for the choices made by governments about the direction of travel.</p> <p>Industries from professional services to manufacturing face a critical talent shortage, exacerbated by an ever-widening skills gap. Expansion in the range of education and skills provision, such as T Levels and Skills Bootcamps, in addition to more established routes to qualification, such as apprenticeships or university degrees, has created a wider range of choices for both individual learners and employers.  </p> <p>One of the unintended consequences of this expansion has been added complexity – leaving both employers and individuals struggling to navigate upskilling opportunities, which are key to economic growth and productivity. Addressing this challenge requires a fresh perspective, together with policy support for organisations seeking to upskill their workforce. We make two policy recommendations to further these aims. </p> <script> (function($) { //Remove the styles from the page as it comes $(".textSection").find("li,ul,ol,span,p,div").css({fontFamily: "", fontSize: ""}); }(window.jQuery)); </script></div> <div class="contentPromo section"><div class="hero hero-red" data-id="main-content-contentpromo_6d60"> <div class="content-promo-wrapper"> <h3><b>Two key policy recommendations</b></h3> <p><p><b>1. Introduction of a Skills Tax Credit Pilot. </b>This targeted incentive will empower organisations currently eligible for the Employment Allowance to begin bridging the gaps they face in digital, sustainability and financial competence skills by offsetting up to £5,000 of the cost of selected accredited training from their tax liabilities. By addressing the impact of chronic under-investment in training, this approach would drive economic growth and productivity, the global competitiveness of the UK as a country in which to do business, and support individual staff retention and growth within organisations.</p> <p><b>2. </b>While a boost to training would be welcome by organisations across the economy, additional support is needed to strengthen the entry-level pipeline available for employers that are hiring. To enable this, we propose a <b>government-led baseline assessment of the career guidance and support currently available in England</b>. In the current landscape, guidance and support for individuals and organisations is fragmented, with variable quality and availability across sectors and geographies. An assessment would provide the government with the data needed to identify gaps or weaknesses in provision, improve underperforming regions and empower individuals to access new opportunities in an environment with fast-changing skills needs.</p> <p>Taken together, we believe this two-step approach could help employers to improve training for existing staff, while creating a wider pool of future talent. In addition to empowering  individuals, this would help the UK to close widening skills gaps across all sectors and ensure our careers service is well positioned to take advantage of the new age of opportunities, from data and digital developments to the green economy.</p> </p> </div> </div> </div> <div class="textSection text section"><p><br> The report looks in detail at:</p> <ul> <li>An employer-led skills system.</li> <li>Supporting individuals in navigating complexity. </li> <li>The policy recommendations.</li> <li>The benefits to the UK economy of the recommendations.</li> <li>The role of chartered bodies.</li> </ul> <script> (function($) { //Remove the styles from the page as it comes $(".textSection").find("li,ul,ol,span,p,div").css({fontFamily: "", fontSize: ""}); }(window.jQuery)); </script></div> <div class="linkList section"><div class="link-list-resourcefinder"> <h5>Further reading</h5> <ul> <li> <a href="/us/en/professional-insights/pro-accountants-the-future/global-talent-trends-2024.html" title="Global talent trends 2024" target="_self"> <span class="icon-right pull-right red-right-arrow" aria-hidden="true"></span> <p class="description">Global talent trends 2024</p> </a> </li> </ul> </div> </div> </div> <div class="related-topics"> <h3> Related topics </h3> <ul> <li> <a href=""> <span class="text">Future of the profession</span> </a> </li> <li> <a href=""> <span class="text">Professional skills</span> </a> </li> </ul> </div> </div> <div class="article-content-side col-xs-12 col-sm-5 col-md-4"> <div class="side-content-articleDetails articleDetails"><div class="panel panel-article-details"> <span class="cpd-icon"></span> <div class="content"> <h2>Policy and insights report</h2> <p></p> </div> </div> </div> <div class="social-sharing-mobile socialSharingMobile"><div class="social-sharing visible-xs visible-sm hidden-print"> <ul> <li> <a href="#" onclick="window.open('https://twitter.com/home?status=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html','name','width=600,height=400')"> <span class="text"> Twitter </span> <span class="icon"> <i class="icon-social-twitter"></i> </span> </a> </li> <li> <a href="#" onclick="window.open('https://www.facebook.com/sharer/sharer.php?u=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html','name','width=600,height=400')"> <span class="text"> Facebook </span> <span class="icon"> <i class="icon-social-facebook"></i> </span> </a> </li> <li> <a href="#" onclick="window.open('https://www.linkedin.com/shareArticle?mini=true&url=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html&title=&summary=&source=','name','width=600,height=400')"> <span class="text"> LinkedIn </span> <span class="icon"> <i class="icon-social-linkedin-inverted"></i> </span> </a> </li> <li> <a href="mailto:?body=https://www.accaglobal.com/content/accaglobal/us/en/professional-insights/pro-accountants-the-future/skills-development.html"> <span class="text"> Email </span> <span class="icon"> <i class="icon-email"></i> </span> </a> </li> <li data-tooltip="Copy link to clipboard"> <a href="#" class=""> <span class="text"> Copy </span> <span class="icon"> <i class="icon-copy-to-clipboard"></i> </span> </a> </li> </ul> </div> </div> <div class="side-content parsys"><div class="textQuote section"><blockquote> <p> "In our engagement with members of the workforce, a large majority cite the lack of training and development opportunities as one of the leading factors pushing them to move to a different organisation" </p> <cite>Joe Fitzsimons, senior manager – policy and insights, ACCA</cite> </blockquote> </div> <div class="relatedDocuments parbase section"><div class="panel panel-dark panel-related-downloads"> <div class="details"> <div class="content"> <h3> Related downloads</h3> </div> </div> <ul> <ul class="parDocuments parsysList parsys"><div class="download parbase section"><li> <a href="/content/dam/ACCA_Global/professional-insights/skills-development/ACCA_Skill%20development%20policy_creating%20a%20support%20eco-system%20for%20employers_V2_2024_LR_3_28.pdf" target="_blank"> <span class="type"><strong>Download</strong> PDF4.93MB</span> <span class="title">Skills development: Policies for enhancing the employer ecosystem</span> </a> </li> </div> </ul> </ul> </div></div> </div> </div> </div> </div> </div> </div><div class="footerToolbar iparsys parsys"><div class="section"><div class="new"></div> </div><div class="iparys_inherited"><div class="footerToolbar iparsys parsys"><div class="footerToolbar section"><div id="footer"> <div id="footer-top"> <div class="inner"> <div class="row"> <div id="footer-logo" class="footer-section col-xs-12 col-sm-3 hidden-xs"> <a href="/content/accaglobal/us/en">ACCA - 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