Bosses tell survey staff shortages 'limiting'

Finance bosses predicted an increase in growth to the end of the year

Business bosses are finding skills and staff shortages "limiting", according to a survey of economic trends.

They told the September Business Tendency Survey by Statistics Jersey they were responding by planning to reduce operational costs, hiring staff or boosting their skills.

The survey found that 70% of overloaded firms main constraint was staffing, while just over half of underloaded businesses said a lack of demand was restricting them.

Fewer firms reported increases in costs for the quarter to September 2025 compared with the same time last year, and expected cost pressures to persist and profitability to remain subdued by December 2025.

The survey, which was launched in 2009, asks chief executives or managing directors of private firms in Jersey for a snap shot of the previous three months and a short-term forecast for the next quarter.

Business leaders in Jersey's finance sector expected an increase in activity and profitability over the next three months, according to Statistics Jersey.

Cost pressures are "more pronounced" in the non-finance sector, the survey found.

Firms reported they expected to see "continued increases in input costs and prices, and decreases in profitability", according to the report.