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One in five companies in 'survival mode', says survey

A survey of 920 private and public sector organisations by the Chartered Institute of Personnel and Development has revealed that a fifth of respondents describe themselves as having been in 'survival mode' for a long time and felt they were unable to improve their performance. Conducted in June, the study also showed that almost 40% of public sector organisations fear they lacked the finance or skills to increase investment and productivity. CIPD chief economist Mark Beatson said the report shows that companies scarred by the last recession need to recognise the current opportunities for growth, innovation and investment or they may struggle to absorb the planned national living wage. The government's consultation on the new minimum wage rate ends today.

 

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