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Cooper Lomaz East Anglia Business Barometer - The Results!

Cooper Lomaz East Anglia Business Barometer - The Results!

Bury St Edmund's, Suffolk: Regular Cooper Lomaz newsletter readers will have seen and perhaps taken part in its Spring Business Barometer Survey. In putting together these surveys, the specialist recruitment company aims to gain a greater insight to the East Anglian business world, taking into account individual concerns and opinions and sharing them with the East Anglian region. The last survey, distributed back in November generated some very interesting results and this month's responses are just as intriguing!

Jane Lovell from Cooper Lomaz comments: "In general, the results paint the picture of an optimistic region, steadfast against news reports of a & lsquo;double dip' recession. Of particular interest to local employers and candidates alike is the fact that a staggering 50% of respondents expect staff numbers in their organisations to increase this year whilst another 48% expect numbers to remain the same. If this is to be taken at face value, we should see a reduction in the number of redundancies made across the region this year which of course, is very good news for us all."

She continues: "Those working in operations and engineering should feel very optimistic indeed as in total, over 70% of respondents stated that these were the areas they expected to grow within their companies over the next six months. Sales and Marketing were also popular choices for expansion, along with IT.

"Another interesting result came from the question of the challenges businesses felt they would have to face in the next 6 months. Much like the last set of results, 33% of respondents are still understandably concerned about the economy and the uncertainty that surrounds it. Similarly, 42% of respondents expressed concerns over falling revenue and pressure on margins."

As in the previous survey, Cooper Lomaz asked how businesses felt about the Olympics and whether they felt it provided additional revenue or benefit in the East of England. Jane was surprised at the response, saying: "A staggering 65% responded with a very certain "no". This is in stark contrast to the results generated just a few months ago when over half of businesses held the exact opposite opinion.

"Interestingly, whilst the City prepares to be bombarded with people and traffic during the Olympic period, a very real worry for local businesses in East Anglia is in fact, poor transport links! 26% of respondents believe that they are an inhibitor to growing their business.

"Meanwhile, another 26% believe that there is too much regulation and red tape in the way of their growth plans. Of course, this news comes almost exactly a month after David Cameron was accused of giving up on plans of employment reforms."

During the first half of 2012, Cooper Lomaz has helped over 245 companies recruit over 300 specialist personnel.


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