A Guide To The Present Job Market For Employers

It appears as if forecasts made at the end of 2007 have been accurate, the existing state of the British economy has many members of the population feeling the financial stress. ‘The consequences of not controlling your money properly can be devastating’ according to a member of the FSA although this is a fact for most of us, what has changed is the merciful nature of the credit companies and banks who would always give financial assistance to those in this demanding position of being behind with the bills.

The amalgamation of increased utility bills, food and fuel prices have left the average employee less disposable wage than this time last year despite any increases in earnings, so what can people do? The prospect of new and potentially higher paid employment becomes necessary to the average employee, although the labour market itself is also becoming increasingly condensed. The Chartered Institute of Personnel and Development had estimated the final amount of people to lose their jobs as 150,000. John Philpott, the chief economist, stated that this year would be ‘simply the worst since the Labour Government came to control in 1997’.

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 required job or candidate. The way people seek out their employees and employers has changed drastically over the last 15 years. More internet able employers are accustomed to using recruitment agencies and employees are using websites that are actually advertising jobs. Employees don't have the free time to fill in loads of forms and so post their CV on the internet in the hope that an employer or agent can find the job for them, and quickly.

The utilization of an agency can be quite a costly one, with most recruitment agencies charging as much as 20% of the applicants annual wages upon suitable placing of a applicant. If the situation is a temporary one they charge significantly more, sometimes as much as double the wage. The temp receives only half of what the recruitment agency does. There are definite advantages 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 finding alternatives.

Due to rising inflation, middle range businesses will feel the mounting pressure, leaving them under the increasing pressure of of growing utility bills. The loss of staff can cause dissatisfaction amoungst employees and this leaves companies with the time consuming process of interviews and applications, but with no extra funds to advertise positions or pay agent fees forms, the company can suffer.

A proposal is to look around for a agency that might be specifically within your businesses area of competition. Negotiate the the fees they would be billing you for a successful placement of a candidate. Make sure your fee is protected if the candidate should seek other employment, after all they might get a better offer! The company looking for employees has the advantage of a large recruitment market though, with many recruitment agencies searching for you, finding one that is negotiable on the price (percentage of salary or even a fixed price) for locating your ideal employee would be advised.

Article Source: http://www.articleszoom.com

About the Author :
Chelsea Butterworth is a freelance author, writing infrequent pieces on fixed price recruitment for Recruitment Revolution.

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