Sample 1 - Blog #recruitingSample 1 - Blog #recruitinghttps://lololol.zohosites.com/thoughts/tag/recruitingThu, 01 Aug 2024 20:46:44 -0700http://zoho.com/sites/<![CDATA[Why are SMEs in London recruiting less staff?]]>https://lololol.zohosites.com/thoughts/post/Why-are-SMEs-in-London-recruiting-less-staff


With new statistics from the London Business survey revealing that recruitment figures are down 43% across SMEs in South London, a capital financing firm is keen to assess whether there is a staffing crisis sweeping UK businesses. 


GIC Capital provides SMEs with vital funding through privately owned investment companies and is highlighting the fact that a number of factors including Brexit and a shortage of skills could be behind the drop in recruitment figures.


The latest immigration statistics, which were released in February, revealed that there was a drop in EU net migration, with the number of EU citizens coming over to the UK having decreased by 47,000, which could go some way to explain why more London companies are struggling to recruit, especially given the fact that EU migrants make up 20% of the workforces in 18 British industries. 


SMEs are the lifeblood of the British economy, but without the right staff being recruited, they will be unable to operate in the way that they need to. Recruiting more staff generally means that a business is growing, so these new statistics could suggest that SMEs are struggling to facilitate growth, perhaps as a result of difficulties obtaining appropriate finance. 


Over half of the SMEs in the UK are unable to access the funding that they need to grow their business, with the main reason for this being a lack of understanding about the options that they have available to them. Here at GIC Capital we take the appropriate steps to get to know all of the businesses that we work with and ensure that they understand the financing options that we have available and what will work best for them, whether that be business loans, retail overdrafts or expansion capital. 


While the impending doom of Brexit continues to hang over businesses head, the rise in a skill shortage across the UK is also another factor set to taint recruiting across SMEs. At present, skill shortages are at a critical level across the UK, putting the future growth of businesses at risk. 


 For more information about GIC Capital visit our website. 

We aim to deliver much needed capital to start-ups and SMEs

Call Now +44 (0) 203 2909019

]]>Sun, 03 Jun 2018 22:07:00 -0800<![CDATA[Why are recruitment and retention issues such an issue for SMEs at the moment?]]>https://lololol.zohosites.com/thoughts/post/Why-are-recruitment-and-retention-issues-such-an-issue-for-SMEs-at-the-moment


Hiring high-quality staff is a problem for all businesses and it seems that at the moment SMEs are faring pretty badly when it comes to recruitment and retention.

With statistics revealing that one in five SMEs have problems with high levels of staff turnover and recruitment, what steps can businesses take to ensure that they get the right talent through the door and hold onto them to?


Look for more than a technical ability

When it comes to hiring new staff, one of the most important things to realize is that while technical skills can be taught, morals and values cannot. You need to find people that have the same attitude that you are promoting within your company as this will ensure that they can integrate well into your team. To achieve this, be open and upfront about your company culture and invite them to meet the other members of your team so you can get a feel for how well they are likely to fit in. Someone who is a good match and shares the same core values that you do regarding business is much more likely to stick around than someone who doesn’t.


Consider the future of your business

When recruiting, it can be easy to consider the here and now and think about what skills you need to fill today’s requirement, but if your business is dynamic, it’s likely that you’re always thinking about growth. In terms of recruiting, you need to look for people that will be able to develop with your company, and this is particularly important for junior roles. Consider the skill-set of every person that you interview and think about how you could build on these to fit the needs of your company in the future.


Engage with learning and development

If you want your SME to grow and prosper, you need to make sure that you are constantly encouraging your team to develop their skills. Be sure to mention that this is something that is part of your culture at interview stage. Ambitious candidates will be excited by the opportunity to work their way up through the ranks.


Keep it consistent

If different people are conducting interviews throughout your company, you need to be sure that there is a level of consistency being applied. The same questions should be being asked, as well as information about the company being presented.

We aim to deliver much needed capital to start-ups and SMEs

Call Now +44 (0) 203 2909019

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