The Department for BIS recently published statistics which show just how dependant the UK economy is on small businesses. In fact SMEs provide 60% of all the UK’s employment.
Hays, the international recruiter, has said that 45% of those working in the public sector are either facing redundancy or looking for alternative employment.
Good news for umbrella company contractors working in the renewable sector comes from Vestas, the wind turbine manufacturer, which intends to build giant turbines in Kent.
The Association of Recruitment Consultancies recently held a think-tank meeting to give input into the coalition’s employment tribunal reform consultation.
Umbrella company contractors might be interested to hear that the government will be distributing £450 million of funding over the next few months to deprived areas as part of its regional growth fund initiative.
Umbrella company contractors may already be aware that some industry sectors are doing better than others. Prospects in the IT and telecoms sector for example are blooming whilst public sector opportunities are diminishing fast for obvious reasons.
Umbrella company contractors that have spent the majority of their time working in the public sector may need to learn a new language if they want to survive in the business world.