Barclays Bank survey paints bright picture for UK
In the UK, leading banking company, Barclays, has discovered that the telecoms sector is the most likely to be taking on new staff. The Barclays ‘employers survey 2014′ has revealed that 77 per cent of the telecoms companies surveyed will be creating new roles (vs 69 per cent in 2013 ). The greatest number of all the sectors surveyed. It is also the sector most likely to increase wages in the year ahead, with 77 per cent reporting that it would do so. The Barclays survey questioned almost 700 UK businesses.
The sector’s intention to create new jobs is now considerably further ahead of the national cross-sector average, which revealed 49 per cent of all companies plan to create new jobs this year , according to Barlcays.
Of those telecoms firms which are hiring, there are opportunities for new staff at every level, with more senior management positions likely to be created (47 per cent) than any other sector (2013: 39 per cent).
96 per cent of the sector will be creating jobs in middle management or skilled positions (2013: 79 per cent), and 60per cent are likely to create jobs at entry level, which is a significant rise from last year (2013: 27 per cent).
Employees in the telecoms sector are also some of the most open to flexible working practices, with 83 per cent more open to flexitime than they would have been five years ago.
Plus 70 per cent said that that they were more likely to let their employees work from home, compared to five years previously.
In fact, 13 per cent will base new staff at home permanently, more than any other sector.
There has been a steady decline in the sector of the number of companies believing that sales increases will lead to job creation, rather than creating jobs to drive sales (2014: 62 per cent, 2013: 67 per cent, 2012: 77 per cent).
This indicates that firms in the sector are slowly feeling more confident about creating jobs to drive business growth.
Commenting on the findings, Andrew Skinner, relationship Director,
Barclays’ Technology, Media and Telecoms (TMT) team, said, “This is a sector looking to invest in people right across the board, which is great to see.”
He continued, “After an extended period of wage freezes, which have been tough for employees, it’s good to see that so many employers will also be increasing wages in the coming year.”
“This can only have a positive effect on employee morale and the UK economy.”