Staff over tech for high growth companies

It’s all a question of staff over tech, according to high growth small businesses in the UK…

Before we get into the stats, it’s important to understand the value of high growth small businesses. These are the companies that:

  • Account for only 2.9% of UK businesses, yet contribute to 84% of ‘net employment growth’ (employing a total of 1.9 million+ workers).
  • Alongside this, they’re 24% more productive than lower growth small companies – producing an additional ‘3 months of economic output’ for the nation each year.

Clearly, these are incredibly valuable companies that we can all learn from.

It’s about staff over tech for business success:

When Octopus Group asked high growth small businesses what most contributes to their success, they said…

  1. Great staff (60%)
  2. A great idea or product (53%)
  3. Tech helped make the product development cheaper/easier (29%)
  4. The web helped them to market the business more easily (29%)
  5. An ability to secure funding at the right time (24%)

Even the business’s idea or product, considered fundamental to more than half of the companies, isn’t deemed as critical as its employees.

It’s always rewarding to see firms recognise the value of their teams in this way. We’ve long witnessed the difference that a truly effective team makes to a business.

Are you an employer struggling to recruit?

You’re far from alone! 1/4 of UK employers are currently struggling to recruit the talent they need.

Recruitment should never be about simply filling seats by job title and/or years of experience alone. It’s about finding people with the right personality, mindset and skillset to complement the rest of your team and business goals.

Sometimes it’s also about being able to see what others haven’t. Spotting that person who doesn’t come from the same career path or industry yet who has all of the skills and attitude you’re looking for and is ready to learn the rest.

Why not find a recruitment partner who will work closely to understand your business and team goals? You can call Appoint on 01225 313130 to discuss your local recruitment needs today.

Are you a candidate who’s struggling to enter a new career?

This is the post for you.

Remember to keep an eye our News page for further career news and advice updates. You can also connect with us via Twitter, Facebook and LinkedIn and/or register your CV for local opportunities



Employers intend to invest in their teams

Two separate surveys highlight employers’ plans to invest in their teams; regardless of their economic expectations…

Survey 1: employers set to invest in new employees

Source: REC

Our first survey actually comes from our accrediting body, the REC. Confidence in the UK economy appears ‘negative’ for its fourth consecutive month. In figure terms, this equates to a survey score of -14.

However, despite this, hiring and investment plans remain positive and have even increased by a percentage point over the past month. Taking this particular score to +16.

  • 48% of businesses looking to hire permanent employees are worried that there will not be enough candidates available (+6%).
  • Likewise, 53% of those hoping to grow their temporary headcount are concerned about sourcing enough skilled staff.
  • The marketing, media and creative sectors are among the most affected by the skills shortage.
  • Overall, the number of companies planning to recruit agency staff within a short-term time frame has increased by 3% since October (to a total score of +19).

Neil Carberry of the REC suggests Brits are displaying their ‘pragmatic best’ in spite of their wider economic concerns – and are set to ‘invest in their own businesses to meet demand’.

These attitudes clearly reflect those of other sources, as recently discussed.

Survey 2: employers will continue to invest in staff benefits

Source: The CIPD via People Management

Looking to the next two years, most businesses (97%) additionally intend to either maintain or increase their employee benefits schemes.

  • 81% plan to spend the same amount.
  • 16% intend to increase their spend in this area.
  • Businesses predominantly wish to focus on professional development benefits (43%), including mentoring and secondments.
  • Health and wellbeing incentives, such as sick pay (29%), follow this.
  • 25% will mainly focus on financial schemes, including pensions and debt-related advice.

Once again, these figures are deemed promising when considering external economic factors.

Charles Cotton from the REC praises businesses for their efforts. He says ‘spending in these areas can help improve employee performance, and ultimately corporate performance.’

The two news items are extremely closely related, with benefits packages also providing valuable staff attraction tools.

Looking to recruit permanent or temporary staff? Call the office on 01225 313130. Candidates can apply for new jobs via the website, or upload a CV as a general applicant