A 19-month high in the recruitment intentions of private sector firms is the take-home point from accountancy and business adviser BDO LLP’s latest report.
Reported by freshbusinessthinking.com, the BDO Employment Index suggests the hiring intentions of businesses in the UK over the next two quarters reached 96.0 in March, the highest figure since August 2011.
In addition, the index notes this is the third consecutive month that the index has been at or above the crucial 95.0 level that indicates employment growth.
As a result, UK businesses are lending the economy a timely boost, especially in an age where growth is constantly sought after by firms looking to expand. Furthermore, jobseekers looking for private sector jobs in London, for instance, may find themselves coming across more vacancies than usual.
Mark Anslow, partner and head of BDO in the West Midlands, believes the figures should be a welcome sign for business and jobseekers, especially in light of recent events in the public sector.
Speaking to birminghampost.net, Anslow stated: “It is encouraging to see improvement in businesses’ hiring intentions, particularly in light of the imminent public sector payroll cuts which will add pressure to the unemployment rate.”