Buzz People

UK Businesses Hiring Rate Fastest in 16 years

The service sector plays a key role in increase of hiring rate and economic growth
Accountancy firm BDO’s latest index for July revealed business hiring intentions have reached a 16 year height, rising from 108.8 in June to 109.6 in July.
The optimistic report cited “a gain in the services sub-sector” as playing an influential role in both the increase in the employment forecast and the growth of the economy. The economy-wide output grew by 0.1 on the index to 103.7.
BDO’s Optimism Index also displayed a slight increase with expectations for the next six months rising from 104.8 to 105.1. The results suggest that the increase in job creation will continue as businesses expand – providing graduates and job seekers with the best employment market since the recession.
However it also highlights concerns over an impending skills crisis in the UK as small and mid-sized businesses continue to grow rapidly and positions are left unfilled for over a year due to a lack of skilled applicants.
SOURCE: is4profit.com
Register Now