Recession causing London’s workforce to stagnate’ says VSO charity
THE recession is making London’s workers stagnate and lose its skills, an international charity warns. Recession-fuelled pay cuts, slashed training budgets and stalled promotions have left half the workforce struggling, with nearly a fifth worried they have lost one to two years’ skills in their career progress
THE recession is making London's workers stagnate and lose its skills, an international charity warns today.
Recession-fuelled pay cuts, slashed training budgets and stalled promotions have left half London's workforce struggling, with nearly a fifth worried they have lost one to two years' skills in their career progress.
Research by Voluntary Service Overseas reveals half the population is worried about stagnating professionally.
The charity is urging employers to consider sabbaticals as a cost-effective alternative.
You may also want to watch:
"Companies must not neglect staff development," the charity's UK director Judith Brodie urged.
"Investing in a good workforce is key to surviving the recession and will speed up recovery."
- 1 Leyton Orient still looking to add one or two new signings
- 2 Poplar MP tells court: 'I fled home when brother said I was possessed'
- 3 Covid stats show cases rising across east London boroughs
- 4 John McDonnell is character witness for Poplar MP accused of housing fraud
- 5 Driver demo blocks Uber's Whitechapel HQ in termination appeals dispute
- 6 ‘Humanitarian disaster’ food shortage for East End families in poverty
- 7 Community patrols to stamp out Poplar's street crime
- 8 Apsana Begum's ex-husband may be behind housing bids, trial hears
- 9 A look back at floods which have devastated east London since 2016
- 10 Ice cream parlour with 'no added sugar' to open in Canary Wharf
One-in-10 workers are already thinking about volunteering to escape career stagnation, the charity claims.
The research kickstarts VSO's autumn recruitment drive for 330 volunteers needed with backgrounds in health, education, business, communications and advocacy.
Enquiries to the charity, which pays for flights, accommodation and offers a daily allowance, have doubled in the last six months.