SMEs set to hire more staff

Research has revealed more small and medium-sized enterprises (SMEs) are set to hire staff.

It is thought that the end of the recession has convinced SMEs that they can now hire more employees for jobs in London and the rest of the UK, based on research by the Chartered Institute of Personnel and Development (CIPD).

Gerwyn Davies, labour market advisor for the CIPD, told “More small and medium-sized enterprises throughout the UK will be looking to hire staff than fire them in the wake of news that Britain has finally emerged from recession after two quarters of economic contraction.”

The fact that more employees have been working on a part-time or temporary basis is also said to be a contributing factor. Ms Davies commented: “The shift to more part-time and temporary employment look set to continue to drive the jobs market further along the road to recovery.”

A similar report by this week also said SMEs were confident in the economy. A third questioned described the current business environment as ‘good’ or ‘very good’ and nearly half said they thought the economy would improve in the next two years.

Only two per cent said they thought the economy was set to decline in the next couple of years.

by Samantha Bartlett on November 14, 2012

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