REC: Recruitment growth at significant low point

06-08-2008

REC: Recruitment growth at significant low point
Job offers are being put on hold as employees and recruitment agencies exercise caution in the current economic situation, it has been found.

The growth of the UK job market is considerably weak with permanent placements falling at their sharpest since 2001, according to The Recruitment and Employment Federation's (REC) Report on Jobs.

Temporary job openings were also at their lowest in five years the report, gathered from the information of 400 UK recruiters, also indicated.

Kevin Green, the REC's chief executive, said: "The report's latest figures show a continued decline in permanent placements, which has now spread to the traditionally robust temporary jobs market."

The standstill is evidence that the credit crunch has seeped into the recruitment market, Mr Green argued.

In related news, a recent report by professional services firm KPMG found that more than half of UK employers saw making redundancies as the only viable way to cutting costs as the credit crunch takes hold.

Related categories: HR / Recruitment.


Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

See also:

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure