The recruitment freeze in the public sector is having a knock on affect for the private sector recruitment
UK recruitment is experiencing a freeze on new employees, and is currently only concentrating on the public sector cuts and the affect this will have on the public sector job market. Charlie Ball commented that "The public sector has been expecting severe cuts or a slowdown in recruitment for some time, and so we are expecting that that will be a less important area for graduates." Commenting on graduate jobs, Mr. Ball believes that the prospects for graduates aren’t good, with as many as 70 per cent of employers having a recruitment freeze in place.
There is no sign that the private sector is providing enough jobs to offset the cuts in state spending. Twelve months ago financial institutions were recruiting for everything but now they are being much more careful and are only recruiting where it is really needed. The only benefit to companies is the increase in retention rates, employees don’t want to risk unemployment in the current graduate job market.
The public sector cuts are putting a huge amount of pressure on the private sector to increase jobs. At the same time keeping up confidence in the economy to keep it stable and make sure companies remain competitive in the market place.
What are these?
Follow on Twitter
Link to us
Read our Blogg
Connect with us