Latest News | 22 February 2022

Region’s firms plan to hire more says report

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Research carried out by accountancy firm BDO suggests that businesses in the region plan to hire more people to support growth in 2022.

More than a quarter of medium-sized businesses intend to increase the size of their workforce over the next 12 months, with 18% planning to pay staff more in order to attract and retain talent.

The bi-monthly Rethinking the Economy survey of 500 medium-sized businesses revealed that Midlands companies remain optimistic about recovery post-pandemic, with 38% expecting to return to pre-Covid-19 revenues.

However, 32% of firms in the region said that finding enough people with the right skill-set was one of their biggest concerns, with a particular challenge around the number of available apprentices.

Tim Foster, partner at BDO based in the Midlands, said: “The recruitment challenges facing Midlands businesses are well documented and the war on talent is very real.

“The task of finding the right people to fill a growing number of vacancies transcends sectors, levels and specialisms.”

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