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Stuart Gentle Publisher at Onrec

BUDGET REACTION: The plan to invest £1bn into jobs means businesses need more skill training

Dominic Holmes, Principal, Value and Strategy at Cornerstone, says:

“The government’s plan to invest £1bn into getting people into work will be a welcome measure for businesses looking to grow their workforce.  However, getting new workers in means investing in skills, and data from Cornerstone shows that more than half (55%) of employers don’t fully understand their existing skills gaps, leading to a growing workforce readiness gap.

"Identifying the most effective strategies to bridge this gap is not straightforward and requires more than a one-size-fits-all mindset. Many companies invest in training through partnerships, certifications, and mentorship, but these methods often overlook industry-specific needs - and, more importantly, the individual ways that employees learn best.

"AI is not only a key driver of change in the workforce but also a solution to these challenges. It can pinpoint skills gaps, develop personalised growth programs, and provide workforce data and insights to help organisations upskill effectively."