Skills shortage pressurises pay

The skills shortages that have been predicted for some time are expected to worsen in 2005, putting according to research conducted from Lloyds TSB pressure on pay. One positive side effect of the skills shortage is that workers are feeling more secure in their jobs

The survey of 2,000 people showed that only 25% felt less secure in their jobs than they did a year ago, but with interest rates expected to continue to rise a spending spree is not on the cards

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