Dramatic increase in confidence & business expectations – but planning is
The HR Quarterly Index Dashboard report for October 2010 by HR Coach shows improvements in almost every area in terms of business confidence ( up 2 % since May 2010 ) . The report also highlights increased expectations – for growth – up by 8 % to 42 % of businesses expecting growth in sales, 37 % expect an increase in profitability and 3 % ( up 6 % from -3 % in May ) expect an increase in capital.
Job advertisements have again risen by 2.6% in August 2010 – the 4th monthly increase in a row – with a 36.1 % increase over the last 12 months.
In the executive summary the following key points are highlighted – “With an unemployment rate of 5.1%, businesses are readjusting their projections in preparation for the looming battle for talent in 2011. This will impact both profitability and cash flow…. attracting and retaining employees will become the next critical issue ahead. “
Interestingly the conclusion states “…. and 41 % have no planning structure at all ” – not a great indicator of our professionalism in running businesses.