The new UK Budget, announced on October 30, 2024, introduced significant changes affecting the hiring industry, particularly small and medium-sized enterprises (SMEs).

 Key measures include:

• Employer Challenges: The increase in National Insurance Contributions will raise costs for businesses, thereby limiting resources for hiring and salary increments.
• Slowdown in Expansion and Recruitment: A tighter financial climate may prompt businesses to adopt more cautious hiring strategies, potentially hindering growth and recruitment efforts.expansion and recruitment efforts.
• Higher Operational Costs for SMEs: New government initiatives to strengthen worker rights may improve employee security but could also impose significant costs on small and medium-sized enterprises.

As businesses prepare for potential operational cost escalations and regulatory changes, they are actively exploring alternative hiring strategies to mitigate risks.

At Deployed, we specialise in supporting businesses to adapt and thrive in challenging times. We believe that smart offshoring strategies can be a game-changer in managing these increased expenses. It not only optimises costs but also enhances operational flexibility, offering significant benefits to businesses, especially SMEs greatly affected with the impacts of cost escalations and regulatory shifts.

How Deployed help soften the impact of the new UK budget

• Hire skilled professionals at approximately 70% lower costs than local recruitment, effectively managing potential spikes in employment expenses.
• Access full-time or part-time talent without the high expenses tied to traditional hiring processes, empowering businesses to adjust their workforce as needed.
• By providing essential equipment and office space for offshore staff, Deployed cuts down on overhead costs associated with talent acquisition, enabling businesses to focus on core operations and growth strategies.

Angela McDonald, our Chief Commercial Officer, shares the following message: