A growing company is usually a desired outcome for most leaders . But there also needs to be a focus on managing growth in the right way . Tamsin Ashmore , CFO for Ultima , talks about how companies can ensure sustainable growth and the need for future business scenario planning .

There are signs of a rebound , with research published by Statista in July suggesting that by 2025 there will be over 678,000 additional jobs available in the UK ’ s digital sector . However , if we are to avoid the same scenario playing out again in the future and costing tens of thousands of people their jobs , there are important lessons that the industry must learn .

Businesses have a responsibility to grow and hire sustainably

Having lived the experience once , businesses now need to reflect on the need to grow at the right pace . Therefore , there should be as much governance around mass hiring as there is for sudden redundancies . Too much excitement at times of excessive growth can result in a slowdown and the need to make difficult decisions to future-proof your business ; repeating this year ’ s cost-cutting playbook .

There is a huge responsibility when a business is in growth around future-proofing the organisation . This responsibility also comprises of a need to hire sustainably . In other words , the budget that is allocated to a new role needs to continue to exist in the long-term .

28 www . intelligentcxo . com