'Difficult times' | Business leaders reveal hiring habits during economic instability

Younger business leaders are more likely to talk openly with staff about company finances, new research suggest.

Digital staffing agency Coople surveyed 1000 UK business leaders, inviting them to share their experiences of how economic conditions have impacted their hiring practices.  

The study revealed that 82% of UK businesses have open conversations with their staff about the economic situation and how employees’ jobs and the company itself might be affected - but the methods by which leaders preferred to have these discussions varied.   

‘Difficult times’ for UK firms amid economic strain

Rufus Hood, Country Manager UK at Coople, commented: “These are definitely difficult times for UK businesses, with a full quarter of those we surveyed implementing redundancies, and nearly as many at 19% stopping hiring. It’s highly likely that these decisions were influenced by the strain of the current economic environment, with rising costs from suppliers and inflation affecting many businesses.