British firms hiring plans reach 16-year high, says BDO report

British companies in general and services firms in particular are planning to go on a hiring spree over the next three months, figures obtained from BDO’s latest jobs index were able to suggest.

The accountancy firm revealed that its jobs index for July, which measures hiring plans over the next three months, was at its highest level since 1998. Furthermore, an increase in the rate of job creation is expected for the rest of the year, the survey found.

The company’s BDO’s optimism index – which measures businesses’ expectations over the next six months – was at its highest level for more than a year in July.

“The unprecedented growth we’ve seen in UK employment this year looks set to continue,” said BDO partner Peter Hemington.

But he warned that some services firms were already citing concerns over a shortage of skilled workers, and said “readily available and flexible labour from Europe” could help to relieve short-term pressure on businesses.

“To address this, the government must ensure its protectionist tendencies are put on hold until productivity returns to pre-crisis levels,” he added.

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