A growing number of AIM finance directors are looking to outsource human resource management, including recruitment, according to research from investment bank Noble Group.

It found that more than 35 of 100 finance directors questioned said they outsource, or are considering outsourcing, the human resources functions of their companies; 75 said that they are having to spend more time complying with corporate regulations.

David Page, chief executive of Noble Corporate Management, said: "Our research demonstrates that one of the main reasons for outsourcing is that it frees up time for business directors to focus on their core business. Many small and medium sized businesses that are aware of their increasing responsibilities welcome access to qualified professionals who can meet their business needs."