A new report published by the Malta Chamber has revealed that 77% of businesses responding to a survey have trouble finding workers at various levels. Dealing with CEO confidence levels, the report represents a comparison of data from 199 respondents from the local business community during June. This survey took place before Malta’s grey-listing.
Employee retention has allegedly decreased for 18% of businesses, but ‘more significantly, 77% report trouble finding workers at a variety of levels.’ This is impacting a businesses’ ability to meet customer demand. 61% of leaders show that challenges ‘hiring are limiting the ability of their company to operate at full capacity.’
When asked whether they expect their firm’s total number of employees to increase during the upcoming 12 months, 40% responded yes and 51% stated they would remain at the same level. 9% said they expect them to decrease. 32% of respondents believe that the overall economic conditions in Malta, whereas 40% believe it remained the same and around 26% stating it improved.
The responses were all gathered before the FATF’s decision to grey list Malta and it is therefore unsure whether opinions remain the same.
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