hiring rates

Business Hiring Rates ‘Sky-High’ Despite Static Productivity Levels

Business Hiring Rates ‘Sky-High’ Despite Static Productivity Levels

Confidence among British businesses remains strong with hiring and optimism rates revealed to be significantly above long-term trends, measuring 113.0 and 104.9 respectively on accountancy firm BDO LLP’s Business Trends Index report. Despite these high optimism and recruitment levels the report also found that several economic concerns still remain.Business productivity – workers’ output per hour – has continued to stagnate over the past two years and the BDO claims productivity levels for UK enterprise are now at their lowest since World War 2. The report did however shine a positive light on the UK business atmosphere, with the BDO’s Output Index rising to 103.9 and its Inflation Index decreasing from 94.7 to 93.8 this month – signifying deflation. Peter Hemington, a partner at BDO LLP, ... »

Business Costs Enter Deflation Period for First Time in Six Years

The business outlook for 2015 remains positive as output, optimism and hiring rates continue to rise and reduced overheads allow firms to focus on growth UK enterprises are experiencing an overall cost deflation period for the first time since 2009, according to the latest business trends report by accountancy firm BDO LLP. The BDO’s inflation index fell below 95 (the line which denotes deflation) to 94.7 in February, meaning companies can capitalise on low input costs and focus on investing in growth and business infrastructure. Other positive findings include an increase in business output, up from 102.9 to 103.1 this month – indicating continued growth for firms in 2015. Hiring rates also appear to be on the rise with the BDO’s employment index up to 113.1 from 111.6 and business optimi... »