The outsourcing of accounting and finance functions is growing in many industries.
Businesses are increasingly opting to outsource these functions to streamline operations, reduce costs, and improve efficiency.
The UK Report on Jobs from KPMG and the Recruitment and Employment Confederation highlights significant challenges being faced by companies in the UK labor market. The rise in pay rates, influenced by the higher cost of living, is putting pressure on company budgets. This, in turn, is impacting investment and growth decisions as uncertainty around economic growth persists. The cautious approach of employers towards hiring due to cost concerns is contributing to the slow pace of the UK labor market. The drop in demand for staff since January 2021 further underscores the challenging environment.
The report underscores the dilemma faced by CEOs as they navigate between economic unpredictability and recruitment decisions, which impact their willingness to invest and grow.
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