HRreview 20 Years
This field is for validation purposes and should be left unchanged.
Subscribe for weekday HR news, opinion and advice.
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

Economic downturn means ‘fewer roles’

-

The recent economic downturn has led to an increase in competition for jobs as employers are offering fewer roles, according to a recruitment company.

While some businesses are recruiting, they may just be keeping close to the market to see who they have access to when the economy improves, Adecco says.

According to figures published by the Office for National Statistics (ONS), the working age employment rate was 74.4 per cent in the third quarter of 2008 – a decrease of 0.4 per cent from the previous quarter.

Steven Kirkpatrick, managing director of Adecco, said the market for jobs will become more competitive than it has been for a long time.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

"That does not necessarily mean that firms are not looking for people, just that they are being that much more selective over who they bring on board," he added.

Figures released by the ONS also show the number of unemployed workers increased by 140,000 over the third quarter of 2008.

According to a report by the Trades Union Congress, the amount of people unemployed for at least a year could rise from 400,000 to 700,000 by the end of 2009.

Latest news

Felicia Williams: Why ‘shadow work’ is quietly breaking your people strategy

Employees are losing seven hours a week to tasks that fall outside their core job description. For HR leaders, that’s the kind of stat that keeps you up at night.

Redundancies rise as 327,000 job losses forecast for 2026

UK job losses are set to rise again as redundancy warnings hit post-pandemic highs, with employers cutting roles amid rising costs and economic pressure.

Rise of ‘sickfluencers’ and AI advice sparks concern over attitudes to work

Online influencers and AI tools are shaping how people approach illness and employment, heaping pressure on employers.

‘Silent killer’ dust linked to 500 construction deaths a year as 600,000 workers face exposure

Hundreds of UK construction workers die each year from silica dust exposure as a new campaign calls for stronger workplace protections.
- Advertisement -

Leaders ‘overestimate’ how much workers use AI

Firms may be misreading workforce readiness for artificial intelligence, as frontline staff report far lower day-to-day adoption than executives expect.

Cost-of-living pressures ‘keep unhappy workers in their jobs’

Many say economic pressures are forcing them to remain in jobs they would otherwise leave, as pay and financial stability dominate career decisions.

Must read

Address stress: three ways to promote positive mental wellbeing in your organisation

This year, Mental Health Awareness Week (14 - 20 May) is shining a spotlight on stress. Here, Jaan Madan, Workplace Lead at Mental Health First Aid England, shares three ways to promote positive mental wellbeing in your organisation.

Robert Leeming: Spot the problem with this photograph: Where are all the women?

The news from Paris this weekend, for once, was nothing but good. The vast majority of governments in the world reached a deal to work together to slow down climate change. The Paris pact aims to curb global warning to less than 2C (3.6F) by the end of the current century. President Obama labeled the deal as 'the best chance we have to save the one planet we have,' and labeled the deal, which was also signed by some of the world's biggest polluters such as India and China, as a 'turning point' towards a low-carbon future.
- Advertisement -

You might also likeRELATED
Recommended to you