Staff appointments in October increasing at their slowest rate for 14 months.
Does this mean we are heading for a double dip recession?
REC chief executive Kevin Green, who last month warned that the jobs market was “starting to flatline”, said: “These figures show that employer confidence remains fragile and as the role of job creation now rests solely with the private sector and the Government must do all it can to facilitate this process.”
Professional staff continued to record the strongest growth, along with engineering and construction, and hotels and catering; while the blue-collar, secretarial and health sectors registered the slowest growth.
The North West however, is faring well and some confidence is returning to employers. If you need to recruit then it is ever more important to get it right first time. Whilst there are a higher number of qualified and experienced candidates on the market in some fields – be wary of taking someone on for a “bargain” price. As the market improves – these will be the first to leave as they can demand their true market worth again. At the very least be sure that the value a potential short term hire can bring will outweigh the downsides of maybe having to replace the person in 6 – 12 months.
It’s been a pleasure keeping you updated over the last 12 months and I wish all Blog readers a very happy Christmas and a successful and profitable 2011. See you then!