TUC: Businesses are optimistic about employment in 2008
Businesses are optimistic about employment levels in the year ahead, one expert has stated.
According to the general secretary of the Trades Union Congress (TUC), Brendan Barber, despite an uncertain economic outlook, the employment market remains strong.
"Employment remains at record levels and businesses say they are optimistic for the year ahead," he remarked in a New Year's message to trade union members.
Mr Barber noted that the full effects of the credit crunch have not yet been felt by the economy following the sub-prime mortgage crisis in the US, but that lower interest rates are sure to ease the pressure.
He added that a main concern for the next 12 months is government a plan to make public sector wage cuts.
ClickAJob chief executive Yngve Traberg is equally positive, but warns of the intensifying crunch in attracting skilled staff.
"People with genuinely useful commercial skills are safe enough from job cuts and the effects of recession," he says.
"But the war for talent is unmistakably ramping up, with bigger employers only too happy to grab at skills with their chequebooks and all kinds of other golden handcuffs.
"And it is a war," he confirms, "not just to fight for new staff, but to defend against existing employees from being hijacked by rivals."
Should recession bite harder though, Mr Traberg is less sanguine.
"That teenage bravado culture of ours of scoffing at hardworking schoolmates is about to hit a brick wall," he remarks.
"It might be cool to shun studies, but it's not so smart when your skills are zero and your job prospects are whisked away by a determined immigrant with glowing qualifications."
"More than ever," he concludes, "our school leavers need to think about their working future and start making the effort to secure a rewarding career."