Olympic optimism to boost job creation

The Olympics could provide a key chance for business to grow and create new jobs in London, inspiresme.co.uk reports.

In its latest JobsOutlook Survey, the Recruitment and Employment Confederation found that London employers are growing in confidence ahead of the Olympics, which could translate into a more buoyant jobs market.

The survey found that 63 per cent of businesses in London planned to increase the number of permanent staff members on their books over the next three months, whilst 60 per cent said they planned to increase the number of permanent positions over the next three – 12-month period.

In addition, nearly a quarter (24 per cent) said they thought the Olympics would be beneficial to their business as a whole, whilst just four per cent think the Games will have a negative impact.

Furthermore, just under a third (31 per cent) said they planned to increase their agency worker numbers within the next three months.

Speaking to hrmagazine.co.uk about the results, REC’s director of research, Roger Tweedy, explained: “There is a sense of hesitancy out there as employers are buffeted with bad news from the continent and are staring at official growth figures that seem to be stuck.

“But there are still reasons to be positive. Consumer confidence is rising slowly, and the impact of that should filter through to businesses in a few months. Barring any terrible shocks from the Eurozone and with the potential of a boost to business from the Olympics we could still be on track for slow improvements in job creation as time progresses.”

by David Howells on June 28, 2012

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