Business optimism soars to 22-year high, new survey suggests

British companies are very confident about their business prospects over the next two quarters, their level of optimism reaching a 22-year high, the latest survey from business consultants BDO has revealed.

As various news sources suggest, the report, which collates data from various surveys carried out by the CBI, the Bank of England’s Agents and business information providers, Markit and is designed to predict performance two quarters ahead, pointed to further improvements in the next six months.

In fact, BDO’s business optimism index reached its highest level since it was created: 103.8 in January, up from 103.4 in December.

“UK business confidence has hit record highs as we enter 2014 and we expect the economy to grow rapidly in the first half of the year,” said Peter Hemington, partner at BDO.

“Companies are raising headcounts in response to rising client demand and the data suggests that the unemployment rate is likely to fall below the Bank of England’s (BoE) 7.0% threshold for considering raising interest rates in the very near future.”

As British firms are gearing up to boost employment, the need to implement a very strong system designed specifically to help them manage their employee’s attendance and performance also becomes more dire.

This is specifically the area where Tensor’s extensive experience could be put to very good use, since we’re the best position to offer you a complete range of tools and solutions for optimizing their workforce management processes, which are vital for assuring a sustainable, long-term growth.

Our WinTA suite enables managers to permanently assess their employees’ overall attendance and performance, while also being able to access a variety of data related to each employee, as for example their qualifications, skills, medical records, etc.

Moreover, Tensor’s range of products offer both a high level of reliability and good value for money, which means that companies who do decide to implement our solutions will immediately see the returns, without taking a hit as far as their balances are concerned.

If you’d like to find out more about the Tensor workforce management solutions, just contact our team or Book a Demo, we’ll be more than happy to answer all of your questions and queries.