Two thirds of UK CEO’s are planning to increase spend on hiring during 2016

Saturday, January 9, 2016

According to a survey by PwC, investing in recruitment and growth should increase in 2016 as UK bosses do their best to veto worries about rising global risks.

66% of UK CEOs are anticipating a bigger spend in hiring than last year and 84% of UK respondents said they were confident about their firm’s prospects this year. Concerns about the availability of key skills still remains high. Several sectors have particularly high levels of concern, topped by entertainment and media, and technology, while sectors more traditionally aligned with ‘STEM’ skills including manufacturing, pharmaceuticals and life sciences, also feature.

PwC UK Chairman Ian Powell said: “It is encouraging that UK business leaders are holding their nerve against the uncertain global economic and geopolitical backdrop by planning to invest in creating new jobs and developing their people. This longer-term investment should position UK companies well in the future.”

The survey also revealed that UK hiring plans are set to eclipse their European counterparts.

Not all were optimistic though, over half of British bosses see more threats to their company now than 3 years ago; these include over-regulation, geopolitical uncertainty and cyber security trepidations.

Article Source: Social Talent

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