Quarterly Economic Report for Quarter 1 2019 reveals extent of local ageing workforce

In the midst of all the political noise surrounding Brexit, it is all too easy to lose sight of some of the most fundamental domestic issues which continue to impact day-to-day business operations and present barriers to growth. It is vital that Brexit negotiations do not eclipse other equally pressing issues including the national skills shortage. To ensure there is a constant supply of appropriately skilled people entering the workforce both now and in the future, it is crucial that we continue to examine the current labour market and initiate change, where necessary, to allow businesses to continue to thrive and grow.

It is for this reason that Herefordshire & Worcestershire Chamber of Commerce have partnered with Worcestershire Local Enterprise Partnership through the “Creating Our Future Workforce Campaign”. This partnership was forged to give the Quarterly Economic Report for Q1 an additional focus, which investigates the extent to which the Worcestershire labour market is comprised of an ageing workforce. This report also examines the extent of preparation for this pressing demographic change within the business community.

The report also covers the standardised data we ask every quarter including topics such as cash flow, recruitment challenges, export projections and price pressures. Despite demonstrating impressive resilience during the final quarters of 2018, the findings from this report demonstrate that persistent political and economic uncertainty has forced businesses to slam on the breaks. To read the full report click here or to request your own hard copy email policy@hwchamber.co.uk or speak to your Account Manager.