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Comment on job creation and HR - Stephen Menko, Ortus

Comment on job creation and HR - Stephen Menko, Ortus

Stephen Menko, director of HR recruiter Ortus said: “Despite higher levels of corporation tax and the maintenance of the 50% tax bracket for the top earners, companies in the UK have been focusing on boosting their headcount for some time. According to our research, salaries in HR departments have risen by almost 8% in the last two years, as HR professionals have taken an increasingly prominent role in companies looking to get the best possible value from new hires. As the budget has confirmed these fiscal barriers are to be removed, companies in the UK will seek to make use of their additional operating capital to build departments for growth. The chancellor’s strategy of reducing tax on business will have a direct impact on job creation, allowing companies greater leeway to support the recovery and bringing HR professionals to the fore”.

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