London employment to soar as economy grows, CEBR forecast suggests

The London economy is expected to grow in real terms by 4.2% over 2014 as a whole and by 3.4% in 2015, thus regaining its status as the fastest growing UK region, forecasts from the Centre for Economics and Business Research (Cebr) suggest.

The Cebr forward-looking report for London and the UK as a whole estimates that London will be accounting for almost a third of all the growth in the UK over the next 5 years to 2019. As a direct result of this strong economic growth, employment is projected to rise by 2.8% over 2014 as a whole, and by 1.5% in 2015, while further growth of 6.1% is expected between 2014 and 2019 in the region.

Economic growth in London is expected to be fuelled by the business services, technology and construction sectors. Due to large amounts of construction in Central London, employment in this industry is forecast to increase by 7.3% this year, the fastest sector for employment growth. Adding to this, finance and business services employment is estimated to grow by 11.0% in the next five years in Central London, equivalent to nearly 100,000 jobs.

Every company that plans to increase its workforce in a sustainable manner over a longer period of time should also consider implementing a very solid and reliable time and attendance and access control system, and this is specifically where Tensor's range of dedicated solutions could prove their impressive value.

The WinTA.NET is the flagship product of our proven range of Windows based time and attendance systems. This complex solution offers complete and comprehensive control over the creation of working rules, Access Control, Job Costing and System Security and has specifically been designed for multiple companies, each managing multiple sites.

A complete smart card time and attendance system including European Working Time Regulations checking and reporting, ensuring that your company remains compliant with both regional and national legislation.

The Enterprise edition software has a familiar Windows interface, providing quick and easy access to information.

If you'd like to find out additional information regarding the WinTA.NET range of products, just get in touch with our dedicated product team, they'll be more than happy to answer any questions and queries you might have.