It is heartening to see the recovery taking shape and visibly we believe this is becoming much more sustainable than in previous periods. One sign of a positive upturn is the rise in the number of senior executives being appointed as the choice of roles grows.
At Bromak, we are experiencing high volumes of enquiries at all levels of recruitment but more notably at senior management and executive level. The confidence by the construction industry to recruit at this level demonstrates a picture of growth and investment at a critical time of recovery.
We believe there is a combination of factors including the Help to Buy scheme, easier access to funding and renewed commitment to investment than for a long time.
Further evidence of a recovery has come from Lloyds Banking Group, which revealed orders, sales, and profits are forecast to rise in its twice-yearly survey of 1,500 businesses. The Lloyds’ survey tracks business confidence about sales, orders and profits, weighing positive and negative views to create a “balance of opinion”. The latest positive balance of 45 per cent is up from 30 per cent last July.
The survey found that confidence had increased across all UK regions and sectors, with companies in North England and the West Midlands forecasting strong growth. As we move forward, the need to also provide suitable training is of paramount importance for all, including younger people and those who may need refresher training or indeed new training.
This again helps to ensure a sound recovery, providing the availability of skills and people that are so vital to the industry if it is to prosper in the longer term.