Private sector's approach to hiring 'a mini miracle'

The resilience that is being recorded in the private sector of the UK in regards to employment has been called 'a mini miracle'.

Such a comment was made by Katja Hall, chief policy director of the Confederation of British Industry (CBI), following the release of Seeking a Competitive Edge, the latest CBI/Harvey Nash employment trends survey.

In the report, which analysed 300 companies, where around 1.4 million people are employed in the UK, the main message that emerged is that the country's private sector is creating jobs.

This is highlighted by the fact that 35 per cent of businesses expect their workforce to expand over the next 12 months. In contrast, just 15 per cent of firms believe they will have less staff members by this time next year – creating a balance of +20 per cent in this area.

Ms Hall commented: "Businesses look set to continue with the positive but cautious approach to hiring that we've seen over the past couple of years, and this is echoed in expected pay restraint designed to protect employment."

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Posted by Nikki Barrister

Origin: Salespeak News