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Interestingly, as many as half of SMEs surveyed have changed their recruitment strategies because of Brexit.

The Albion Growth Report 2017 found that 15% of the 1,000 smaller sized businesses questioned have decreased recruitment resources, 10% now recruit in different ways and 9% have made redundancies.

The SMEs surveyed said that finding skilled staff, political uncertainty and cash flow were the biggest barriers to growth for their business.

Other skills and recruitment trends found in the report are as follows:

  • SME’s in London (73%), the Midlands (64%) and Scotland (63%) are most likely to feel they lack expertise.
  • Media and marketing (74%), manufacturing (72%) and IT & telecoms (67%) businesses are most likely to feel they lack expertise.
  • SMEs in London (46%), the Midlands (42%) and the North of England (33%) are recruiting most.
  • IT & telecoms (47%), finance and accounting (44%) and manufacturing (44%) businesses are recruiting most.
  • Of businesses currently recruiting new staff, specialists in sales (9%), operations (9%) and software development and technology (7%) are most sought after.
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Patrick Reeve, managing partner, Albion Capital, commented, “It is now obvious that SMEs are becoming more strategic in their approaches to recruitment in response to challenges from the external environment, including Brexit”.

“As the difficulty of finding skilled workers increases, in particular for sales, marketing and IT roles, SMEs are realising they must adapt. While there is evidence that recruitment budgets are shrinking, employers have also refocused their efforts on retaining existing talent, or being nimble and innovative to pursue new ways of finding staff.”

To find out more about contracting please contact Sophie on 01442 795 100 or email sophie.lewis@dolanaccountancy.com

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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