Employers are hiring but remain cautious

UK employers are continuing to hire new staff but are becoming more cautious about doing- official research warns.Employers are hiring but remain cautiousA report by the Recruitment and Employment Confederation (REC) showed a modest rise in permanent placements in May, but at the slowest growth rate of the last five months.

The REC’s report looked at data from 400 UK recruitment and employment consultancies.

Commenting on the report, REC chief executive Kevin Green said: “This month’s data shows employers are becoming more cautious about hiring and while there is still growth in permanent placements, the figures have been getting weaker over the last two months.

“Clearly the economic backdrop and the eurozone crisis are making some employers think twice before taking on new staff.”

“When you’re going head-to-head with a return to recession at home and a burgeoning eurozone crisis, by rights the jobs market should be in freefall, but that’s not what we’re seeing.  Firms are still looking to hire albeit at a weaker pace than before.”

He added that banks were hiring thousands of temporary workers to deal with the fallout from the mis-selling of Payment Protection Insurance (PPI).

August 14, 2012 · Home Based Jobs · Comments Closed
Tags: , , , , , ,  · Posted in: Employers, Financial Wellbeing, Full Time Jobs, Part Time Jobs, Positive Employment, Redundancy, Risk of Redundancy, Temporary Jobs, Uncategorized, Unemployment Rises