Marketing News

Over half of UK SMEs looking to increase headcount in 2019

6 Mar 2019

The economy might not be in the best shape, but UK SMEs still hope to increase their headcount by an average of 21% over the next 12 months.

According to new research by Opus Energy, more than half (51%) intended to increase the number of employees in 2019 – with some estimating they'd grow their workforce by 50%.

Despite data from the Office of National Statistics showing a decline in consumer spending last year, entrepreneurs feel positive about business growth. The sectors expecting the most growth include IT (39%), health (33%), and financial services (28%).

Even sectors worst affected by the current economic climate predict some level of growth. In retail, for example, 50% of those questioned expected growth at an average of 19%, while 65% of food and drink producers predicted a workforce increase of 18%. With the uncertainty of Brexit and predictions of the death of the high street, this is encouraging to hear.

Among the 500+ small business owners surveyed, younger entrepreneurs were the most ambitious about growing their team. 18-34 year olds expected a staff increase of 32%, compared to 35-44 year olds (22%) and 55-64 year olds (12%). Women were also more optimistic about growth opportunities than their male counterparts, predicting 27% growth compared to the 18% predicted by men.

Speaking about the findings, Nikki Flanders, COO at Opus Energy said: "Small businesses are on the lookout for new talent and are offering fantastic opportunities for individuals at all stages within their career. Job seekers who are looking to grow their career might find success with a small business that has similarly ambitious plans."

Are you hoping to grow your career in a growing business this year? At Stopgap we have a range of marketing roles so get in touch to find out what opportunities we have for you.

Small businesses are on the lookout for new talent and are offering fantastic opportunities for individuals at all stages within their career
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