Matt Weston, managing director, Robert Half UK, commented on the SME Health Check Index by CYBG:
“Businesses today are staring headfirst into the convergence of the technology evolution, future of work and geopolitical change with Brexit, regulatory change and new trading rules. Today’s report reveals the extent these challenges are impacting SMEs today.
“With SMEs employing a large portion of private sector professionals, it is vital for the UK economy that these companies are able to attract and retain the talent needed to respond to a world where change is the new normal.
“SMEs planning for the future will need strong leadership now more than ever to cope with a continuously changing business environment, including regulatory pressures, automation and an increasing dependence on technology.
“Developing a strong pipeline of talent that incorporates technical and soft skills, as well as planning succession carefully in advance, will ensure companies cultivate a strong leadership team that is capable of navigating through times of change.”