“The study, conducted in partnership with the Centre for Economics and Business Research (CEBR), found SMEs face various challenges when it comes to hiring new staff. More than a third (35 per cent) of small businesses report a shortage of necessary expertise among applicants as the main hurdle in hiring. A further 27% are worried about how they will fund the hiring of new employees, highlighting the importance of tight financial management in ensuring a business can bring on staff as the firm grows, whether at home or as they expand abroad.”

 

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