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Workers look to start their own firm

Jan 27 2009

Some employees are planning to start their own business if they are made redundant, while others are increasing their transferrable skills.

Figures from the Chartered Management Institute (CMI) show five per cent of managers are intending to launch their own company if they are made redundant.

The survey reveals that these workers now see redundancy as 'inevitable' and are preparing for it to happen.

A quarter of staff members are taking a new qualification to boost their CV, while 22 per cent plan to improve their transferrable skills.

Ruth Spellman, chief executive of the CMI, says: 'Quite clearly, any suggestion that there is already "light at the end of the tunnel" is misplaced.'

She adds that staff should be encouraged to 'dig deep and develop their skills' as this will place them in better stead for the future.

The CMI recently revealed that employers are looking for help to improve their workers' skills.

According to the organisation, more companies want to offer training to their staff and the government should issue a tax relief to firms doing so.

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