Employment Recession During Financial Crisis Means Difficult Times For British Workers

It appears as if forecasts made towards the end of 2007 have been accurate, the current state of the British economy has many members of the public feeling the financial strain. ‘The consequences of not supervising your money properly can be devastating’ according to a member of the UK governing Financial Services Authority although this is a fact for most of us, what has changed is the lenient nature of the credit companies and banks who would always give financial assistance to those in this tricky position of being behind with the bills.

The combination of increased utility bills, food and fuel prices have left the average employee less disposable wage than this time last year despite any increases in income, so what is there to do? The expectation of different and potentially higher paid employment becomes increasingly important to the average employee, although the labour market itself is also experiencing a recession. The Chartered Institute of Personnel and Development had estimated the quantity of people to lose their jobs as 150,000. John Philpott, the chief economist, stated that 08' would be ‘obviously the worst since Labour came to power in the late 90's’.

This dip in employment along side the increased need for higher wages will be increasing the strain on the employment market and people will benefit from a modern attitude to finding their perfect job or candidate. The way the general public hunt for their employees and employers has changed dramatically over the last 10 years. More internet capable employers are used to using recruitment agencies and potential employees are using websites that are advertising jobs. Employees don’t have the time to fill in many forms and so submit their Curriculum Vitae online in the hope that an employer or recruitment agent can locate the job for them, and quickly.

The utilization of an agency could be quite pricey one, with a good number of recruitment agencies expecting up to 20% of the candidates annual wages upon suitable placing of a employee. If the situation is a temporary one they charge considerably more, it can be almost double the wage. The new member of staff picks up only half of what the agency does. There are positive benefits to using a recruitment agency though, the transition period between the position is significantly lowered which enables companies to continue normally and lower chance of customer discontent.

Due to rising inflation, the smaller businesses will feel the pressure, leaving them struggling under the strain of escalationg utility bills. The loss of acceptable working conditions can cause dissatisfaction amoungst employees and this leaves supervisors with the time consuming process of interviews and applications, but without the fiancial resources to advertise positions or pay agent fees forms, the business can suffer.

A suggestion is to search the market for a employment agency that might have expertise within your businesses specialised area. Check carefully for the fees they would be charging for a successful placement of a candidate. Make sure your fee is protected if the candidate should change their mind, after all they might get a better offer! The company looking for employees has the advantage of a large recruitment market though, with numerous recruitment agencies out there, finding one that offers the lowest rate (percentage of salary or even a fixed price) for finding your ideal employee would be the best option.

Article Source: http://www.search4allinfo.com

Chelsea Butterworth is a part-time columnist, writing intermittent pieces on fixed fee recruitment for Recruitment Revolution.

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