outsourcing & skill gap trends 2014 - infographic
DESCRIPTION
Small to medium companies are the backbone of the UK's economy, with optimism that we are steadily coming out of recession firms highlight that skill-gaps are holding them back. Outsourcing expertise is one way to tackle this. This infographic looks at the skill-gap and outsourcing trends of SMBs in 2014.TRANSCRIPT
27 % 21% 15%
sales & marketing
skills
IT leadership
35% 12%
62.5%
OutsOurcing benefits
0-9employees
micro
10-49employees
smallmEDiUm
Small to Medium sized Businesses:0-9 employees Micro10-49 employees Small50-249 employees medium
SMBs account for 99.9% of private sector firms in the UK
The south east & greater London account for 1/3 of the UKs SMBs
SMB attitudes and skill gaps
An all-time high 62.5% report they want to grow in 2014
61% highlight a gap in skills amongst their employees
Reported gaps are in:27% Sales & Marketing skills21% IT15% leadership
Preventing investment in skill:38% budget35% time pressures12% concerned investing in staff who may then leave
Potential skill gap could::44% damage future growth potential39% inhibit their competitive edge 37% make them less profitable 24% stifle innovation SMB Outsourcing trends68% currently outsource some business activities
Top 5 outsourced functions year-on-year comparison
2013:1.IT 32%2. Training 23%3. Legal 22%4. Design 16%5. Finance 15%
2014:1. IT 23%2. Marketing (inc event management) 23% 3. Sales & customer service 18%4.Distribution network 13%5. Finance 10%
Outsourcing benefits:68% Save time & money66% Concentrate on their core business48% Improved efficiency