London firms struggling to recruit staff as people want to WFH

cityam
03-20
A new report has boosted London’s global status, but raised questions on future competitiveness.

Firms in London are struggling to recruit staff as over four in five businesses have vacancies, according to a new survey of 1,000 companies. 

Mayor Sadiq Khan recently announced plans to boost economic growth in the capital, but the latest survey by BusinessLDN suggests he may have a mountain to climb before he achieves his ambitions.

Almost half of firms said they struggled to recruit staff as applicants have become more picky. 

Over a quarter of respondents said there was a lack of interest in roles, while 45 per cent of firms surveyed said demands to work from home prevented hiring.  

Around four in five firms reported vacancies, representing a steady increase since 2023 when the survey started.

Businesses also reported high levels of dissatisfaction with their own workforce. 

Over a third of companies said staff lacked the necessary skills. One in five of these firms said “English skills” were not up to par. 

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