....but 89% are expecting hiring growth in the next 12 months according to a recent American Express Survey. My question would be whether they are scrutinising the "how" to see if the business model around resourcing is cost effective. Cost effective does not mean cheapest because surprise surprise the best talent (the talent that drives performance) is not the easiest to attract and hire. Too often the focus is on lowest cost and yet this can lead to higher attrition, lower productivity and then the cycle begins again, more recruitment then more attrition. Investing in understanding what is high performance then building a process to attract and select the right talent may have a short term incremental cost but invariably will drive long term value and at TMP Worldwide UK we have the data to prove the business case.
The American Express study, ‘2017 Global Business and Spending Outlook’, gathered opinions from 100 senior financial leaders in the UK, more than half of whom work for companies with more than $1 billion in annual revenue. The study found that 89% of the UK’s top CFOs expect the number of employees in their businesses to increase over the next 12 months and 48% are planning to boost investment in headcount.