Skill Shortages: The City′s Choices in the 1990s

Abstract

The City of London has a number of leading‐edge features. The demand for its services is forecast to continue growing, albeit at a somewhat slower pace. Its product mix has moved away from standardised to customised products, involving increasing use of new technologies, a trend which, if anything, is expected to accelerate after 1992. Historically, it has relied heavily on the external recruitment of permanent staff, failing to train anywhere near adequate numbers for its own needs. However, the City does not seem to have fully recognised that it will become increasingly difficult to poach the skills it requires from the rest of the economy. While there is some evidence that the City is moving towards strategic, longer‐term solutions to its skill shortages problems, there is little indication that they are focusing on human resource or cultural development. The likely product and technology changes require a massive investment in human resource development.

Citation

Rajan, A. (1990), "Skill Shortages: The City′s Choices in the 1990s", International Journal of Manpower, Vol. 11 No. 2, pp. 29-36. https://doi.org/10.1108/01437729010005056