Job prospects fall to a record low
August 12, 2008
It appears that Job prospects have fallen to a record low according to a recent CIPD/KPMG survey, and it looks like there is going to be an increase in redundancies and recruitment is falling sharply.
The survey showed that employment prospects are at their weakest level since 2004 when the survey first began.
In the third quarter of 2009, 29% of employers expect to increase staff levels, this is quite a drop from the 37% who said they want to boost their recruitment in the previous quarter.
Redundancies are also planning on increasing, with 27% of employers planning for them between the second and third quarters this year.
The CIPD’s Chief economist, John Philpott had something to say on the matter:
“The jobs market has been one of the few bright spots in the UK economy, but cracks are appearing in the face of an increasingly uncertain economic outlook. Even if we avoid the scale of jobs fallout suffered in previous downturns, the era of the candidate’s recruitment market is already over, with people in work becoming increasingly anxious that their P45 might soon be on its way.”
This is quite scary business, redundancy is an awful thing to go through, and it just makes you wonder whether your job is as safe as you think it is.
Comments
Got something to say?