7 Year Hiring High for UK Service Sector

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7 Year Hiring High for UK Service Sector

 25th Nov 2014

The Confederation of British Industry (CBI) latest Service Sector Survey, polling 191 companies, found 49pc of respondents said the number of employees had increased in the last 3 months, up to the start of November. Further research also found that the number of employees in the consumer service sector ­ which includes bars, hotels and restaurants ­ had also increased.

City of London

Rain Newton Smith, director for economics at the CBI commented: 
"Growth across the services sector is expected to continue into the New Year,"

"And it's good to see investment spending in IT at near record levels.”

The use of specialist niche agencies tailored to finding specific and highly specialist skill sets will become increasingly vital to keep pace with the economic growth. Electus is already gearing up for this increased tempo of recruitment and is heartened to see positive growth coupled with a sharp rise in training investment.

The skill shortage the CBI mentions resulted in the biggest spike in staff training expenditure within the professional service sector for 15 years and is expected to continue. The trend is also expected to spread to the business service sector also.
 
The figures come after the Office for National Statistics (ONS) showed that the UK's unemployment rate held at 6% in the three months to September.

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