The economies of the Channel Islands are at a crossroads. Our economic analysis highlights the mounting impacts of a range of challenges including technological disruption, geopolitical instability and faltering productivity. Time and again, however, we hear of one challenge at the front and centre of business leaders’ minds – pressure on the availability of talent and skills.
Achieving employment rates similar to leading jurisdictions such as New Zealand could increase the Channel Islands’ workforce by an additional 7,500 employees
"Empowering women and older workers to play a full part in our islands’ economies calls for both a cultural shift and bold new policies. Our charter for employment participation looks at how policymakers, businesses and local communities can come together to make this empowerment possible. We believe a ‘Lifelong Employment Commissioner’ working closely with community, education and business groups could lead the drive on making this a reality. Overcoming skills shortages in this way, would sharpen our competitive edge in a fast-shifting global economy, while improving our quality of life and ability to fund growing welfare needs. ”
of Channel Islands CEOs see lack of access to talent and skills as the biggest threat to growth over the next 12 months.
Chief Strategy Officer, PwC Channel Islands
Advisory Senior Manager, PwC Channel Islands