Employment growth set to slow down over 2014, survey forecasts

Although the number of people in employment has soared over 2013, it seems that this trend is about to slow down over the coming months, a new report by the Chartered Institute for Personnel and Development (CIPD) has revealed.

According to a media report on this topic, 54% of companies participating in the CIPD poll have revealed plans to actually bolster their ranks over the course of 2014, down from around 65% last year. More worryingly, close to 20 percent of companies will go the other way around and let employees go over the next few months.

CIPD also said that according to the survey pay rises were unlikely to overcome inflation, something that was needed to restore standards of life. Almost three in four employers said pay rises will increase 2% or lower in 2014 but inflation has only fallen to 2%.

Whether they plan to take on more workers or let members of staff go, every company should seriously consider implementing a very solid and reliable workforce management system, and this is specifically where Time & Attendance UK could put its experience to very good use.

We offer a complete smart card time and attendance system that includes European Working Time Directive checking and reporting, Access Control, Fire Roll Call, and also makes good use of mobile and wireless technology so that your time and attendance information can be accessed from anywhere.

Moreover, our specific position within this market segment, as well as proven experience in the field enables us to thoroughly customize our systems in order to meet all of your requirements, whether you’re an enterprise customer with multiple sites or a smaller business.

Smart card technology allows your employees to quickly clock in and out, with the time and attendance software accurately recording attendances. Furthermore, our all-in-one, Smart Card Time & Attendance recording workstation incorporates such features as job booking, job costing, labour hours analysis and security management.

If you want to find out more about the range of affordable, reliable solutions provided by Time & Attendance UK, just contact our dedicated product team, they’ll be more than happy to answer any question you might have.