Wynne Connect: December Newsletter
Wynne Consulting
Finding you the top talent in your sector. Proactive, not reactive recruitment. People first not profit
WynneSights
WynneSights is a bespoke service Wynne Consulting provides to our Talent Partner clients where we use our encyclopaedic knowledge (insights) of the market sectors and competitive landscape we work in to provide tailored information and intelligence.
If you have any questions to Ask A Recruiter please drop Matthew Foster or our page a message and we will be sure to answer.
S&P Global Business Outlook
Key Findings from recent research for our industry sectors:
· Sharp fall in confidence across manufacturing, service sector forecasts dip slightly
· Profits outlook weakens amid concerns over rising tax and employment costs
· Capex and R&D spending plans weaken
· Manufacturers greatly reduce hiring aspirations
· AI investment plans stronger than nearly all other monitored countries
Employment and investment
Hiring and investment plans soften
The decline in activity growth expectations led to less upbeat predictions towards employment and capital expenditure in October. In total, a net balance of +18% of UK businesses expects to increase staffing levels over the forthcoming year, the lowest since October 2022. This was wholly driven by the manufacturing sector where the net balance fell sharply from +25% to +12% (services remained at +18%). Nevertheless, overall UK employment predictions remained higher than in both the eurozone (+2%) and globally (+9%).
An additional question added to the latest business survey asked firms about their recent and planned investment in Artificial Intelligence (AI).
Just over a quarter of UK businesses (26%) said that they had invested in AI in the past 12 months in October. AI investment was more common across the service sector compared to manufacturing. In the services category, a third of surveyed firms reported having financed AI already, compared to 19% of firms across the goods industry.
Source: S&P Global Business Outlook, November 2024
Job Spotlight:
Thomas S is looking for a Country Sales Manager UK & Ireland. Check out the details below.
Email toms@wynneconsulting.co.uk if you would like to apply.
Culture Champion
Our November Culture Champion award goes to Carla Davy .
Carla embodies our culture of honesty, accountability, working hard and delivering for our clients. She generates outstanding digital content for us to market both our services & job searches; and supports our team whilst holding colleagues to the high standards we expect.
Carla embodies our spirit of teamwork & collaboration and works with with everyone across our organisation both in the office and remotely. She is always positive, happy, smiley and enthusiastic. Well done Carla!
Christmas
From us all here at Wynne Consulting we wish you a very Merry Christmas and a prosperous new year.
Our office will close at 12.30pm on Friday 20th December and we will be back in the office at 8.30am Thursday 2nd January.
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2wWelcome everyone to our newsletter. We put people at the heart of everything that we do; so our aim is to shine a light on who we are & how we help our clients deliver their growth objectives through the best people strategy.