UK SMEs are planning to create up to 736,973 new jobs over the next 12 months, research finds

British SMEs are planning to create a record 736,973 jobs and spend £37.9 billion in the next 12 months, predominantly on upgrades to boost productivity, data from GE Capital’s 2015 international Capex Barometer has been able to find.

The survey shows that more UK SMEs had revenue growth in the past year than in any other European country surveyed at 61 percent. This compares to 59 percent of German SMEs and 54 percent of SMEs in both Italy and France.

The UK also leads the way on confidence, with two thirds (63 percent) feeling optimistic about growth in their sector, compared to 55 percent in Germany, 53 percent in Italy and 50 percent in France.

The survey also found that more than half of UK SMEs (53 percent) plan to increase headcount in the next 12 months compared to only 5 percent planning to decrease.

A workforce management system can help SME owners enjoy an extensive overview of the available skills sets across their workforce, as well as organizing training for specific employees.

This is specifically where Time & Attendance UK could put its extensive experience to very good use.

We offer a complete proximity 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 employee clocking and activity 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.

Proximity 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.