- The jobs market will continue to shrink over the next quarter
- All sectors of the economy, as well as young and old workers, are being hit hard
- Applicant numbers are rising sharply
- Tighter selection screening is vital
- There is a great deal more retention of quality going on
The impact of the recession on recruitment
Posted by Lucie Mitchell in Recruitment on Mon, 01/06/2009 - 10:51
The most obvious impact of the recession on organisations is that employers are recruiting less and making more redundancies. In fact, according to the latest CIPD/KPMG Labour Market Outlook survey published last month, the jobs market will carry on shrinking over the next quarter, as the number of employers planning to make redundancies will continue to exceed the number planning to hire. Plus, a third of organisations are still implementing a recruitment freeze.
It would also appear that all sectors of the economy, as well as younger and older workers, are being hit hard. The survey found that the net employment intentions figure is now negative for all three mains sectors – private, public and voluntary – for the first time since the report started in 2004.
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