London SMEs looking to hire, claims survey

A massive four fifths of small to medium sized businesses in London are planning to hire over the next six months, reports freshbusinessthinking.com.

That’s according to the London Entrepreneurial Exchange’s (LEE) Business Confidence Survey, which suggests that 80 per cent of respondents will be increasing their staff roster in the next half a year, which could prove to be good news to those looking for London jobs.

That 80 per cent figure is a third more than those who said they would increase their employee numbers six months ago, cites smallbusiness.co.uk, allaying fears that the double dip recession will have an impact on London-based firms.

Furthermore, 66 per cent will be advertising permanent hires as spending on staff is tipped to be three times as important as spending on technology.

Shalini Khemka, CEO of LEE, commented on the figures: “Despite continuing concerns about a flat economy and rising unemployment, entrepreneurial small and medium sized British businesses are keen to expand and have shown a marked pick up in the desire to recruit.

“Spending on staff will be the biggest cost for medium sized businesses in the coming year, however investing in technology is increasingly becoming one of the most important costs for those firms which are keen to ramp up their growth,” he added.

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