Job Creation In The UK In 2011
Job Creation In The UK In 2011
The team behind the Barclays Corporate Job Creation Survey 2011 have announced the findings of their recent study into the job creation intentions of UK businesses - and the results look potentially promising. Having considered the answers of five hundred executives from UK businesses of varying sizes, the survey has shone some light onto prospective hiring plans across a range of sectors and drawn the following conclusions.Regional:- 58% of companies in the North of England intend to create jobs during the course of 2011; provided they see an upturn in sales. - Of the proposed roles to be created in the North; two-thirds are anticipated to be at a junior to middle management level or skilled labour. - 85% of the executives from North based organisations were found to be of the opinion that growth in sales will be the precursor to the creation of new jobs, as opposed to the other way round.Nationwide:-Around 85% of the businesses spoken to with turnover in excess of 500million per annum expressed that they intend to create full time positions during the course of the year.-Smaller organisations (with turnover up to 5million per annum) were less optimistic than their larger counterparts. Of those asked, 41% were confident that they would be creating new jobs in 2011. -Of the 41% of smaller businesses with intention to offer new positions - only half were expecting these roles to be of a fulltime nature.So, What Does This Mean?Although it appears that not all companies are preparing to recruit for fulltime positions in the immediate future, and also that companies in the North are for the most part only looking to do so if they experience an upturn in revenue: these findings should certainly induce some confidence overall. As the economy at large is beginning to haul its way out of recession, it is highly likely that many businesses will indeed find themselves experiencing more sales than in previous years and consequently will be looking at job creation to sustain their growth.Graduates in the North should also look at these findings with a sense of optimism given the proposed areas for job creation. Junior management positions will be hotly fought over but provided enough are created, skilled graduates stand a good chance of making headway along their career path. Similarly, the proposed requirement for skilled labour should bolster the options for those of a vocational training background. At the other end of the spectrum, public sector workers facing redundancy may not have quite as much to be confident about - the survey also found that around a third of Northern companies would not look to employ an ex-public sector worker.Although this survey does of course only represent the views of a small portion of the huge number of companies in the UK; the outlook does seem to be rosy for the most part - provided businesses experience the growth to cover the cost of job creation. Affordable means of sourcing the best staff - such as flat fee recruitment will also play a major part in ensuring that companies of all sizes can afford to take on new employees.Similarly, cutting overheads and operational costs such as investment in office supplies and equipment in addition to a general reduction in expenses will go a long way towards ensuring that many smaller companies are financially capable of job creation in the near future.
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