Page 15 - Bus365 Issue 11 2021 WEB
P. 15

MORE THAN ONE IN THREE UK



          SMES NOW PLANNING TO GROW


          THEIR WORKFORCE



             A survey by alternative lender Capify found that   UK SMEs
              35% of small to medium-sized businesses plan     However, a lack of talented workers and skilled
              to grow their workforce by more than 10%          staff was considered to be a key challenge with
             Investing in people and training was also listed   36% of SMEs saying they expected this to be
              as the number one business priority by 41% of     an issue in the next 12 months

          Recruiting new sta  has become a top priority for UK SMEs with more than one in three expecting to
          increase the size of their workforce by more than 10% over the next 12 months, according to a new
          study by alternative lender Capify..
               ore than 250 SMEs were involved in   “We know that the small business community is   “With the end of furlough, rising infl ation and
               the survey, which also found that an   resilient and it’s promising to see that many are   the recent issues around energy prices, it’s no
         Madditional 58% expected their sta    optimistic about the future, with investment and   surprise that SMEs do have some concerns to
          numbers to stay the same and only 7% were   future growth important priorities.”  keep in mind,” added John.
          anticipating a reduction.
                                            The fi gures on recruitment expectations are in   “It could be a challenging 12 months for SMEs
          When asked to prioritise areas for investment   stark contrast to the previous 12 months, with   in many sectors as margins become tighter –
          over the next 12 months, people and training   the Capify survey fi nding that 24% of businesses   especially if increased overheads need to be
          came top of the list with 41% of SMEs identifying   had reduced their sta  numbers during the   managed alongside adding new sta .
          it as a key business priority.    pandemic.
                                                                              “With future growth as a priority, SMEs must
          However, fi nding new sta  is expected to be a    Around 64 per cent of SMEs said they had   ensure strong cash fl ow in their business, no
          big challenge, with 36% of SMEs highlighting it   also accessed the Coronavirus Job Retention   matter the industry. Alternative fi nance options
          as a challenge in the year ahead. The issue of   Scheme (CJRS), with the government support    have been instrumental in helping SMEs through
          COVID and possible future lockdowns topped   ending on 30 September, analysts estimate that   this period and they will no doubt play a huge
          this list with 55% of SMEs worried about the   around 700,000 people may lose jobs, hours or   part in supporting growth goals for the future.”
          impact the virus may have. Rising infl ation came   earnings, so it remains to be seen how this will
          second in the list, with 34% of SMEs concerned   impact SMEs and the availability of labour across
          about escalating costs.           key sectors.
          John Rozenbroek, CFO/CCO at Capify said: “It’s
          positive to see UK SMEs putting their sta  at the
          forefront of business strategy, with people and
          training coming as a top priority for the majority
          of businesses in our latest survey. People
          are truly a business’s greatest asset and it’s
          encouraging to see so many SMEs valuing this
          in their future plans with clear plans to expand
          their workforces.



























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