War uncertainty reflected in recruitment downturn

first_img Previous Article Next Article Related posts:No related photos. Comments are closed. War uncertainty reflected in recruitment downturnOn 22 Apr 2003 in Personnel Today The war in Iraq and its aftermath is having a damaging effect on the UKlabour market with firms being very cautious over staff recruitment, accordingto research. A monthly review of the labour market from the Recruitment and EmploymentConfederation and Deloitte and Touche shows the number of full-time jobs placedby recruitment consultancies in March fell for the first time in 13 months. Temporary staff placed also fell for the first time since December 2001,according to Report on Jobs. Senior staff recruitment decreased dramatically,with the service sector witnessing its biggest decline in recruitment throughconsultancies since July 1996. Recruitment advertising by private sector firms fell sharply but publicsector recruitment activity – unchanged since February 2003 – propped up themarket. The survey states that firms have adopted a ‘wait and see’ policy to staffrecruitment due to heightened economic uncertainty from the war. Businesses’ cautious approach to staff recruitment along with the sharplyrising availability of staff – for the 22nd consecutive month – means full-timeemployee salaries fell for the first time in six months. Brett Walsh, head of UK human capital at Deloitte and Touche, said:”Business uncertainty has heightened since the start of the Iraq war, andthis resulted in a generally subdued job market in March. “Demand was shown to have been particularly weak at the upper end ofthe labour market.” www.rec.uk.comlast_img read more