Skills gap report

Research findings on teamwork, hiring, and upskilling in shared finance

64%

say hiring for collaborative finance is challenging

Research findings on teamwork, hiring, and upskilling in shared finance

The skills gap: are you prepared for the impact of teamwork in shared finance?

The shared finance skills gap

The scale of the challenge

72% report a moderate or severe skills gap in shared finance, and 64% say the gap is growing.

A majority of respondents, from both workplace and household backgrounds, reported that the gap in shared finance and budgeting skills is either moderate or severe. Many also noted that the gap is widening as shared living and collaborative work arrangements become more common.

  • 72% Say the gap is moderate or severe
  • 64% See the gap increasing year-on-year
  • 58% Report regular tension around group finances

The data show that a clear majority recognise a meaningful gap in collaborative finance skills. Addressing this gap is a growing priority for both employers and shared households.

See how the programme helps

How significant is the shared finance skills gap in your organisation or household?

  • Severe 28%
  • Moderate 44%
  • Minor 18%
  • No gap 10%

What teamwork skills are most needed?

Teamwork in practice

Practical communication and fair decision-making are the skills most frequently cited as lacking.

Respondents highlighted practical communication, conflict resolution, and methods for fair group decisions as the most urgent skills to improve in shared living and professional environments.

  • 51% Say practical communication is lacking
  • 39% Want better conflict resolution tools
  • 35% Need clearer methods for fair decisions

The findings suggest practical communication and fair decision-making are the most in-demand skills. Training in these areas is a top priority for those seeking to improve group finance routines.

Learn how teamwork is taught

Which teamwork skills are most lacking in shared living or work settings?

51%
39%
35%
23%
CommunicationConflict resolutionFair decision-makingRoutine tracking

What stops progress on collaborative finance?

Barriers to upskilling

Lack of time, resource clarity, and peer support are the main barriers to upskilling.

Survey participants identified several obstacles to improving their collaborative finance skills, with time constraints and resource clarity leading the list. Peer support networks are also in demand.

  • 47% Say lack of time is a barrier
  • 32% Report unclear resources available
  • 27% Note limited peer support or examples

Barriers to upskilling include lack of time, unclear resources, and limited access to peer support. Solutions that emphasise practical routines and community learning are in demand.

See learning support options
What are the main barriers to improving collaborative finance skills?
  • Lack of time 47%
  • Unclear resources 32%
  • No peer support 15%
  • Other 6%

Why is lifelong learning so critical?

The value of lifelong learning

Ongoing learning is seen as essential for adapting to evolving finance needs.

There is widespread agreement that ongoing upskilling and resource access are key to sustained success in both shared living and work settings. Alumni particularly value continuous access to updated templates and learning materials.

  • 68% Say ongoing upskilling is very important
  • 59% Would use new resources if available
  • 54% Report improved outcomes with continuous learning

The majority see lifelong learning as vital for adapting to new group finance challenges over time. Ongoing access to resources and peer support is especially valued by alumni and employers alike.

Learn about ongoing support

How important is ongoing upskilling in collaborative finance for long-term success?

68%
22%
10%
Very importantSomewhat importantNot important
Alumni outcomes after collaborative finance training Alumni feedback, 2026 survey

The majority of alumni who completed the programme say their experience led to greater confidence in handling shared money, improved communication in teams, and smoother transitions between home and work group settings. Many used their project work as evidence of team skills in job applications, and a significant share reported feeling more equipped for collaborative roles.

96% of alumni report a positive impact on their career after strengthening collaborative finance skills

What the report covers

The demand for collaborative finance skills has outpaced traditional training. This report outlines the most pressing gaps and explains why employers and households alike are prioritising teamwork and transparent budgeting.
  • Up-to-date research on skills needs
  • Real survey data from employers and households
  • Insights into hiring, upskilling, and retention
  • Analysis of teamwork in collaborative budgeting
  • Practical recommendations for bridging the skills gap
  • Applicable to both shared living and workplaces

Download the skills gap report

Find out more about the latest research on teamwork, hiring trends, and collaborative budgeting skills. The report reveals key gaps and opportunities in shared finance for both households and the workplace.
  • Research findings on the skills gap in shared finance
  • Workplace and household perspectives on collaboration
  • Data on hiring, upskilling, and resource needs
  • Opportunities for career growth and professional development
  • Recommendations for closing the gap in collaborative budgeting

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