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SMEs five times more likely to hire than large corporates
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Posted in Candidates, Employers on May 19, 2014 by Richard Hayden
Small employers are almost five times more likely to increase their workforce in the next quarter than large corporates, according to CIPD figures.
The research was released at the CIPD HR in SMEs conference in London last week. The survey of over 1,000 CIPD members looks at the expected hiring activities of employers in the UK.
The proportion of SME employers who intend to increase their staff over those who intend to decrease the number of workers is +52. This is compared to +11 for large corporate employers.
SMEs see biggest growth since 2008
The news comes a week after a separate report by Bibby Financial Services, the Business Factors Index, showed SMEs saw the biggest year-on-year growth since 2008.
Based on financial indicators from over 4,000 employers, against a base point value of 100, SMEs financial raising grew to 94.1 in the first quarter of 2014. This is an increase of 14.2 for the same period in 2013.
David Postings, UK chief executive at Bibby Financial Services, told HR magazine the results showed SMEs "have learned from the past".
"They have adapted to the difficult trading conditions of the last five years and are stronger and more resilient as a result," he added
- See more at: http://www.hrmagazine.co.uk/hro/news/1143960/smes-times-hire-corporates#sthash.iSQnoe7f.dpuf
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