Jersey Firms Cite Workforce Gaps as Major Growth Barrier in Economic Survey
Jersey businesses are grappling with significant staffing and skills shortages that are limiting their operational capacity, according to the latest economic survey. The September Business Tendency Survey reveals firms are responding by planning cost reductions and workforce development initiatives. Economic analysts suggest these constraints could impact the island’s economic performance through 2025.
Staffing Challenges Dominate Business Concerns
Business leaders in Jersey are reporting that skills and staff shortages have become “limiting” factors for their operations, according to the September Business Tendency Survey conducted by Statistics Jersey. The survey of economic trends indicates that companies are responding to these constraints by planning strategic adjustments including operational cost reductions, targeted hiring, and skills enhancement programs.