The talent crunch

Credit crunch In times of economic turbulence, recruitment budgets can often be the first to go, so how can HR professionals ensure that their recruitment and retention strategies are up to scratch? Verity Gough reports.


Much is being made in the media at the moment about the prospect of a recession in the UK. This concern is being further fuelled by reports that organisations are clamping down on spending, planning redundancies and preparing for the worst. But are things really that bad?

Despite recession fears, industry research points to a buoyancy among the UK workforce and according to a recent survey by online recruitment agency Jobsite, seven in 10 employees are confident they will remain in or get a job during the current economic climate, while almost half again are even planning to move jobs this year to boost their pay packets.

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