Small businesses set to take on more staff than larger companies
Posted on in Business News , Cycles News , Creative News, Outdoor News
Employers in small and medium-sized enterprises (SMEs) are nearly five times more likely to employ more people in the next quarter than larger businesses, research finds.
The proportion of smaller employers expecting to increase staff levels over those who expect to decrease staff levels in the second quarter of 2014 is +52, compared with +11 for large employers, according to a study by the Chartered Institute of Personnel and Development (CIPD).
According to the CIPD's latest quarterly Labour Market Outlook, employment intentions are at their highest level for six and a half years.
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Skilled workforce
Encouragingly, more organisations plan to invest in their talent pipeline than in previous years, with around three in ten (31 per cent) employers that currently have hard-to-fill vacancies intending to hire more UK graduates, around one in five (22 per cent) planning to hire more apprentices and half (50 per cent) of such employers planning to up-skill existing staff in the next two years.
Gerwyn Davies, labour market adviser at the CIPD says that while the UK jobs market looks set to continue its 'remarkable' post-recession performance, skills shortages are still relatively concentrated in particular sectors in the domestic labour market.
Against the backdrop of the prediction of strong employment growth, now is the time for employers to ensure that any future plans to increase business investment prioritises investment in training,' Davis adds. 'This will not only help stave off the threat of recruitment difficulties increasing sharply in the future, but also help to boost productivity levels that we know are essential to the nation's overall economic performance and therefore pay prospects.
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