Most UK HR directors think their budgets will not increase in 2007

More than half of UK HR directors do not expect to increase their budgets in the forthcoming year, according to research.

About 54% of the 280 HR directors questioned by Richmond Events said they would not be receiving a financial boost in 2007.

However, one-third (34%) of respondents were optimistic about their prospects and expected to raise their budget in the next 12 months.

Most HR directors (67%) said they would spend their resources at management level, with management development, learning and training as the most sought-after service, followed by employee-related services (46%) and recruitment (41%).

IT and e-HR also rated higher than HR consultancy services at 26% and 23% respectively.

Mark Rayner, chief executive of Richmond Events, said: “While Gordon Brown is blowing the trumpet for the UK economy, HR directors are showing much more caution.”

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