Financials concerned by new recruits' basic skills

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Financial and insurance services firms are still concerned about the basic skills of new recruits, with 90% now discussing the issue at board level, a survey suggests.

Although 66% of all respondents thought that those joining the sector today were well equipped, employers took a different view, with 56% saying that the education system is not meeting their needs. Meanwhile, two thirds of respondents believe it is important to carry on investing in staff training in order to be well placed to benefit from the recovery. However one in five employers are planning to make savings by cutting spending on training compared to 64% who have done so already. "The education system needs to meet better the needs of business, and business needs to articulate ...

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