Employment trends survey shows half of UK businesses plan to grow workforce in 2015
With the latest CBI/Accenture Employment Trends survey showing that more than half of the companies who responded to the survey plan to add to their workforce this year, this is great news for both business growth and job opportunities.
This is indicative of the business confidence that seems to be around at the moment, particularly in the Midlands region, and is heartening to see. However, for businesses planning to grow their workforce or even start employing, if they haven’t already, employment can be a bit of a minefield.
However, if the business is growing and existing employees are becoming quite stretched, it’s vital to think about getting additional staff in to help ease the load and pursue new opportunities that will help the business grow further. In some cases, businesses may be considering taking on extra staff to help with anticipated growth. Either way, there can be a lot to consider.
Aside from the costs associated with recruiting, and the training involved, there is the additional management element; a growing workforce needs close attention to ensure processes are fit for purpose, job performance is up to expectations and customer service is being upheld. It can certainly take up additional time in the early stages of new employees being on board.
This can add to the pressures of a business owner, who may already get easily bogged down in the day-to-day business operations. This can be a difficult time, as the ultimate goal is business growth, yet growth opportunities mightn’t be being identified if time and resource is taken up with management. Then there is the all-important task of keeping on top of the finances and payments – the lifeblood of the company.
As well as employing to help with business growth, outsourcing functions that can be dealt with by a third party can be an excellent solution to removing some of the pressures of running a business. For instance, our Board Support solution – providing a higher-level of support to owner-managed businesses for a fixed fee, can provide a helping hand not only with monitoring business finances but in forecasting and planning, to ensure opportunities are identified early enough to be capitalised on. Similarly, a close eye on things can identify any potential issues before they escalate, saving valuable time and possibly money in the long run.
Businesses are sometimes reluctant to take advantage of such services believing they are high-cost or a meter is running. The great thing about the fixed-fee solution is that advice is on tap whenever needed – which can become a real lifeline to a busy business owner looking to concentration growth.
There is more information about Board Support here, or call us on 01827 54944 and speak to Tessa.