Company Formation and SME Grow Staff

In Thursday’s post, we showed how the number of budding entrepreneurs in the UK could help to stimulate employment.

Today, the findings of a report conducted by small business forum ‘The SME’, confirms our theory. The report found that well over half of the SME’s formed over the last year; intend to expand the number of people working for them in the New Year.

Tom Jones, founder of the small business forum, comments: “Companies who were formed during the recession, had to be very cost conscious. For many, that meant operating with a skeleton staff, if any at all. However as the New Year approaches many of these companies are looking to go on a recruitment drive. While this is a very positive sign, it is vital these companies plan ahead to avoid making redundancies.”