Survey: providers are nervous about ’09

Posted on July 1st, by editor in Caring Times. No Comments

A survey by the Chartered Management Institute in the run up to 2009 compounds fears for business across the social care sector It shows that managers and business leaders in the sector are concerned about rising business costs, low levels of credit, the impact of employee disputes and low skill levels.

The survey shows that senior executives in the social care sector are nervous about the year ahead. Asked specifically about business prospects for their organisations, 20% said they are ‘pessimistic’ about 2009. Those who are ‘uncertain’ about what next year will bring rest at 21%. It is clear from the findings that business confidence in the sector is being eroded by the economic climate and the knock-on effect of cash-flow problems. 51% say that rising energy costs will have a negative impact on their business next year, while 38% say that the availability of credit will create problems.

Some also focus on the cost of redundancies with 35% expressing concerns over ’employment disputes’ and 43% worr

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