CII Skills Report 2011

September, 2011
September, 2011
 

The key findings from this year’s membership skills survey. It provides an insight into the state of skills within insurance and financial services. We also highlight how well the UK education system meets the sector’s needs.

Headline Findings:

- UK skills picture: we have seen a significant rise of 15% in those members who believe that UK skill levels are lagging behind other countries – the figure now stands at 57% of our membership.

- Skills shortages in insurance and financial services: this year’s survey shows a rise in employers reporting shortages in technical skills.

- View of education system: the sector’s view of the education system’s ability to serve its needs is improving with a near 50/50 split between those who think it does a good job and those think not.

- Work experience and internships: there has been a significant increase in those employers offering work placements and internships – half now do so, up from a third last year.

- Professional education: an increased proportion of members believe that the need for higher professional qualifications will rise over time – 76% feel this will be the case, compared to just 59% in 2007.

- Supporting the next generation of talent: the call to action the CII made in last year’s skills prospectus still rings true and is supported by the findings of this survey.

Results analysed by CII Faculty: respondents were asked to indicate their CII Faculty or Society. We have prepared individual reports for each: see the "Related Resources" list below.

This document is believed to be accurate but is not intended to provide a basis of knowledge upon which advice can be given. Neither the author (personal or corporate) nor the CII Group nor any of its faculties or societies nor any of the officers or employees of any of these organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the material included in this document.

Any opinions expressed are those of the author or authors and not necessarily those of the CII Group, its faculties or societies.

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