| 14.8°C Belfast

Cost cuts ‘very pressing’ for staff in public sector

Almost all public sector employers in Northern Ireland believe that reducing costs and making efficiencies will be a ‘very’ pressing issue in the next two years.

New research by Hays, a leading recruiting expert, says 91% of respondents are looking to make big savings.

Just over 60% of those surveyed believe that their organisation has plans in place to deal with cost-saving targets and potential redeployment or job cuts in their organisation.

Almost half — 49% — confirming that it was ‘very unlikely’ they would outsource front-line functions.

They also cited ‘creating efficiencies’ as their way of dealing with the necessary cost savings. Around 55% of respondents felt that the use of external contractors was ‘very’ or ‘fairly’ likely, and almost a third of respondents (32%) expect they will engage with management consultants.

John Moore, director at Hays in Northern Ireland, said that public sector employers are under no illusions about the challenges facing them over the next two years.

“Given that cuts are inevitable it is positive that the majority of employers have plans in place to do this,” he said.

Weekly Business Digest

Margaret Canning’s selection of the must-read business stories straight to your inbox every Tuesday morning

This field is required

“Those employers who ensure they have the right skills in place to deliver the necessary changes, and who work hard to retain this talent, will be best equipped to cope.”

For more information please visit: www.hays.co.uk .