According to the recent Vistage UK Confidence Index (June 2017 – completed after the election), while over 70% of SME businesses remain confident about their future, 47% of them cited talent management – the ability to attract, recruit and retain – staff as their biggest concern. Industry data and basic demographics suggest that this could be a growing problem over the next seven years as 14 million UK employees are expected to retire but just seven million people of working age will enter the market, leaving a seven million deficit.
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