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SMEs still expanding, paving way for freelancer opportunity

freelancesupermarket.com newsroom

RSS 08 March 2016
Small and medium-sized businesses in the UK are still confident of their ability to expand and grow in the current economic climate. As a result, opportunities for freelancers to fill crucial roles is likely to continue for the foreseeable future.

SMEs happy with their prospects and their ability to drive internal growth are a boon for contract workers and freelancing personnel. With global human resources firm ADP releasing new monthly data that confidence is still high, revealing that small firms are motivated to grow their workforce by hiring on additional temporary staff.

According to the data released by the joint ADP/Moody's Analytics venture, February saw continued job growth when it came to smaller firms. This revelation has begun to get the rumour mill grinding along, leading many to make suggestions that 2016 will be a year of positive growth for SMEs.

The survey showed that 76,000 jobs were created for the month among companies with 49 employes or less. That accounted for 35 per cent of growth for the entirety of the job market; it also matched the hiring rate for massive companies with 500 employees or higher.

Even smaller firms were well-represented as well. The split between companies with 19 employees or less and those with anywhere between 20 and 49 workers was nearly identical, with the former adding 37,000 new positions and the latter 38,000.

Many factors are likely to be at play here, what with employment levels higher than ever pumping new blood into the economy. Freelancers and contractors are especially sought out due to the skills gap as well, making it a good time to be seeking work whether you're a permanent worker or a temporary one.

p>© 2016 All rights reserved. Reproduction in whole or in part without permission is prohibited.
Image: Now Hiring by Nathan Stevens

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