06/05/2011
Businesses could soon look to expansion as recent figures show job demand rising by 22 per cent on last year's figures.
The Reed Job Index for 2011 has shown that whilst the figures for April's job demand were down by 2 per cent on those for March, the overall picture of a 22 per cent year-on-year rise paints a more accurate picture of the UK job market as a whole.
Managing Director of reed.co.uk Martin Warnes told freshbusinessthinking.com that the "Easter and Royal Wedding holidays led to a disjointed period for UK businesses," but added that the higher job index and rising GDP shows a much more three dimensional view of the UK's job market.
The figures look good for SMEs, many of whom could take advantage of finance options such as invoice factoring in order to give them a cashflow boost to be able to take on new staff and expand their business.
The study - complied using figures from 100,000 jobs and 8,000 recruiters in the UK - suggested that since December 2009, the manufacturing industry has grown by 25 per cent, when the index's baseline was set at 100.
Sectors driving the growth include engineering, customer service, human resources, IT and telecoms, among others, with those reporting the largest figures of job creation in the UK market.
Managing director of reed.co.uk, Martin Warnes told smallbusiness.co.uk, "These results show that business growth has been sustained at a higher level than the last quarter of 2010."
David Howells