11th August 2014
After analysing their jobs index for July, accountancy firm BDO found that figures were at their highest level since 1998.
BDO said that “significant uptick” in the hiring plans of services firms was the reason for this increase.
The survey also indicated that an increase in the rate of job creation for the rest of the year can be expected.
BDO’s optimism index, used to measure businesses’ expectations over the next six months and in July, was at its highest level for more than a year.
“The unprecedented growth we’ve seen in UK employment this year looks set to continue,” claimed Peter Hemington, a partner of BDO.
Although optimistic about the growth in UK employment, Hemington warned that some services firms had already voiced concerns about the shortage of skilled workers in their industry.
He suggested “readily available and flexible labour from Europe” could decrease and relieve pressure on organisations.
“To address this, the government must ensure its protectionist tendencies are put on hold until productivity returns to pre-crisis levels,” he stated.
Article supplied by HR Grapevine