Matthew Thompson
1 minute length
Posted: 10th March 2014

Is your business looking to create new jobs?

An increasing number of UK small businesses are looking to create jobs in the next three months, according to the latest Federation of Small Businesses’ (FSB) Small Business Index. This is the third consecutive quarter of job creation for SMEs and shows that confidence is returning as businesses sustain a steady rate of recovery.

In the survey, which looked at almost 3,000 businesses across the UK, 15% stated they were planning to take on new staff in the next three months, with a further 11% saying they had increased their headcount in the previous three months.

Each region across England showed signs of creating jobs, with West Midlands and the east of England showing above average increases at 14%.

Some other key findings in the report included:

  • Confidence rose to 35.7, breaking the record score of 33.5 in Q3 2013
  • Almost two thirds of small firms expect to grow in the next 12 months, and one in four plan to increase the amount they invest in their business
  • 25% of firms expect to see an increase in export activity in the coming three months and 10% report growth since Q4 2013
  • More firms expect to see increases to profitability and turnover in the coming three months

John Allan, National Chairman of the Federation of Small Businesses said: “Once again we see confidence on the up – and small firms leading the way in job creation. There is no doubt small businesses are pushing us further towards economic prosperity and it’s so important to retain this momentum. That more than half of firms want to grow is a sign to the Chancellor to keep the focus on business.”

Are you looking to create new jobs in your business? Regardless of how many employees you have, IRIS has a payroll solution to fit your needs.

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