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Employment Recession During Financial Crisis Means Difficult Times For British Workers

By: Chelsea Michaels

It looks as if forecasts made at the end of 2007 have been right, the existing state of the British economy has many members of the public feeling the financial strain. ‘The consequences of not managing your money properly can be devastating’ according to an employee of the Financial Services Authority although this is evident for most of us, what has changed is the forgiving nature of the credit companies and banks who would always help out those in this relentless position of being late with the bills.

The amalgamation of increased utility bills, food and fuel prices have left the regular employee less disposable income than this time last year despite any increases in income, so what can people do? The possibility of new and potentially higher paid employment becomes necessary to the average employee, although the job market itself is also experiencing a recession. The CIPD had estimated the final figure of people to lose their jobs as 150,000. John Philpott, the chief economist, stated that this year would be ‘easily the worst since the Labour Government came to control in the late 90's’.

This decline in employment combining with the increased need for enhanced wages will be increasing the strain on the employment market and people will have to adopt a modern approach to finding their perfect job or candidate. The way people look for their employees and employers has changed considerably over the last decade. More internet capable employers are used to using recruitment agencies and potential employees are using websites that are actually advertising jobs. People don’t have the time to fill in many forms and so post their CV online in the hope that a prospective employer or recruitment consultant can find the job for them.

The utilization of an agency could be quite pricey one, with a high number of recruitment agencies charging up to 10% of the applicants annual salary upon suitable placing of a employee. If the available job is is temporary, they charge significantly more, it could be as much as double the wage. The employee receives only half of what the recruitment agency does. There are certain gains to using a job agency though, the transition period between the vacant position is significantly lowered which enables companies to continue normally and lower chance of customer discontent.

Due to mounting inflation, the smaller businesses will feel the pressure, leaving them with an intensifying situatution of growing utility bills. The loss of acceptable working conditions can cause bad feelings amoungst staff and this leaves them with the lenghty process of interviews and applications, but without the fiancial resources to advertise positions or pay agent fees forms, the business can suffer.

A suggestion is to search the market for a employment agency that might have expertise within your businesses specialised area. Check carefully for the fees they would be billing you for a contracted appointment of a candidate. Ensure your fee is not expected if the candidate should change their mind, after all they might get a better offer! The same is true for the employer though, with numerous recruitment agencies searching for you, finding one that offers the lowest rate (percentage of salary or even a fixed price) for finding your ideal employee would be very shrewd.

Article Source: http://ezine-articles-planet.com

Chelsea Butterworth is a part-time journalist, writing infrequent columns on low cost recruitment for Recruitment Revolution.

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