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According to the OECD the UK has joined countries such as Switzerland and Canada in the top group of “best countries” in which to live and work. Although this ranks the country ahead of others such as Germany and France the picture is not universally rosy with the UK scoring poorly for education and job prospects.
However, even these scores may be about to change with the Markit/CIPS PMI services index seeing a rise to 62.5 in October. Commenting on the fastest rise seen since May 1997 Markit also found that employers were hiring people at the fastest rate since 1997.
With manufacturing and construction also posting strong figures the UK could be on track for a sustained growth period. Growth brings its own set of challenges, including the temptation to maximise profits following earlier lean times. It is perhaps appropriate therefore to remind ourselves of the importance of putting people and employee engagement at the heart of decision making.
Commenting on the OECD results and in particular the way in which they reveal the ongoing human cost of the recession its Secretary General, Angel Gurría said: “It is a reminder that the central purpose of economic policies is to improve people’s lives. We need to rethink how to place people’s needs at the heart of policy-making.”