MAY TRADE NEWS

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Businesses attack new agency worker rules

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Manufacturers force to pass rising costs on to customers

Oxfordshire Retailers Flex Their Muscle

FSB steps up campaign to protect local suppliers

Small firms 'are turning to bridging loans to maintain cash flows'

Government looks to help business by streamlining consumer laws

Business disappointed by interest rate hold

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Postal competition 'has not helped small wholesalers'

Small firms are turning to bridging loans to maintain cash flows

South-west's roads 'need to be improved to help wholesalers'

Retailers see April increase in shoppers

Government urged to involve small firms in tax forum

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13th May 2008

Small businesses 'turn to older employees to plug skills gap'

Owners of small businesses in the UK are increasingly opting to hire older workers, a new report has claimed.

Research from the Tenon Forum thinktank showed that 66 per cent of small business owners believed that hiring people aged over 50 was an excellent way to solve the skills shortage in the country.

Worryingly, the study found that 45 per cent of small business owners said they were concerned about the level of skills that school leavers and graduates had when they entered the workplace.

One third (34 per cent) of SMEs said graduates were not well equipped for the workplace and 31 per cent said many young people lacked the basic literacy and numeracy skills needed in a job.

"Staffing issues are a constant concern for entrepreneurs, with huge amounts of time and money going into recruiting and retaining employees who have the right skills and talents," Andy Raynor, chief executive of Tenon, explained.

"Older members of staff can bring huge benefits to an organisation and we expect to see more and more entrepreneurial businesses taking a flexible approach to recruitment and utilising this valuable skills base."

Tenon Forum thinktank member Khalid Aziz added that business owners were becoming increasingly "frustrated with a lack of work-readiness amongst graduates".

 

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