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PWC CEO Survey identify skills shortage as a key issue for businesses

The key challenge facing businesses here is the availability of skills, with eight out of 10 chief executives highlighting this as a problem – an all-time high in the 13-year history of PwC’s survey.

“Despite a dampening mood on the future outlook for our economy compared to two years ago, the survey shows that many Irish chief executives are cautiously optimistic about the future growth potential for their businesses,” said PwC managing partner Feargal O’Rourke.

“The survey highlights that the skills challenge is at an all-time high in the history of the survey. Having a pipeline of relevant skills for a digital world is one of the greatest priorities for businesses,” he added.

Concerns around hiring were more widely felt in Irish businesses than in their equivalents across the world, the PwC’s survey – which is conducted globally – found. While the issue was still prevalent elsewhere, 79 per cent cited availability of skills as an issue.

PwC’s survey was conducted in the autumn among 235 chief executives in Ireland, and 1,378 leaders globally in 91 countries. (Source PWC CEO Survey Irish Times)