It appears as if forecasts made by the end of 2007 have been right, the recent state of the British economy has many inhabitants of the UK feeling the financial strain. ‘The consequences of not dealing with your money properly can be devastating’ according to an employee of the Financial Services Authority although this is not news for most of us, what has changed is the pardoning nature of the credit companies and banks who would always lend a hand to those in this awkward position of being behind with the bills.
The amalgamation of increased utility bills, food and fuel costs have left the common employee less disposable income than last year despite any increases in salary, so what is there to do? The prospect of different higher paid employment becomes vital to the average employee, although the employment market itself is also on the decline. The Chartered Institute of Personnel and Development had estimated the number of people to lose their jobs as 150,000. John Philpott, the chief economist, stated that this year would be ‘easily the worst since Labour came to control in 1997’.
This decline in employment in conjunction with the increased need for enhanced wages will be putting a strain on the job market and people will benefit from a modern attitude to finding their perfect job or candidate. The way the general public seek out their prospective employees and employers has changed drastically over the last 10 years. More internet savvy employers are used to using recruitment agencies and potential employees are using websites that are actually advertising jobs. Employees don't have the free time to fill in lots of forms and so post their Curriculum Vitae on the internet in the hope that a prospective employer or agent can find the job for them, and quickly.
The utilization of an agency can be quite pricey one, with a high number of recruitment agencies charging up to 20% of the applicants annual wages upon accepted placing of a employee. If the position is is temporary, they expect to be paid significantly more, it can be almost double the wage. The new member of staff receives only half of what the agency does. There are certain gains to using a job agency though, the transition period between the empty position is significantly lowered which gives a smoother transition between new and old employee and lower chance of customer frustration.
Due to rising inflation, the smaller businesses will feel the pressure, leaving them with an intensifying situatution of escalationg utility bills. The loss of employees can cause dissatisfaction amoungst staff and this leaves companies with the lenghty process of interviews and applications, but without the fiancial resources to advertise positions or pay agent fees forms, the company can suffer.
A recommendation is to look thoroughly for a agency that might specialise within your businesses area of competition. Check carefully for the fees they would be charging for a successful placement of a candidate. Make sure your fee is not expected if the candidate should decide to leave, after all they might get a better offer! The company searching for employees has the choice of the market though, with many recruitment agencies out there, finding one that is negotiable on the price (percentage of salary or even a fixed price) for matching you with your ideal employee would be wise.
