Recruitment News Dec 14

Employment vacancies which remain empty cost the UK economy over £18 billion per annum, with a forecasted economic loss potential of £130.9m in the health and social work industry and £129.1m in the finance and insurance sectors. According to Indeed, employers are struggling to fill the positions with the right staff. These unfilled positions can have a negative effect on a business’ profits and efficiency, and can also affect the economy as unemployed consumers are likely to spend less.
Recruitment International, December 2014

A recent survey from Michael Page has revealed that sectors such as office banking jobs, in particular mergers & acquisitions, leveraged finance and corporate banking, have experienced growth and can expect this to continue into 2015 with more job vacancies becoming available. However, Andrew Breach, Head of Page’s Executive Banking and Financial Services Practice, warns “employees need to understand that the outlook for businesses will remain in a state of flux as recent economic data shows that both the UK and global economy recovery remain fragile”. Andrew Breach also states that “significant improvements have been made since 2009 and a thriving and buoyant job market is now a reality”.
Recruitment International, December 2014

November saw a rise in job adverts for the manufacturing, nursing and engineering sectors. The manufacturing industry had a rise of 17%, nursing of 35% and engineering had an increase of 12.12%. Richard Clarke, MD of Recruitive (who published the figures) stated “the UK manufacturing market still has a long way to go before it reaches its pre-recession levels, however it is obviously heading in the right direction with 21 consecutive months of continuous growth under its belt”.
Recruitment International, December 2014

Results from research conducted by Monster have discovered that 41% of employees in the UK have cited their boss as the reason for leaving a job. 12% of employees have experienced bullying from their boss and 9% suffered from stress caused by their boss. 27% of employees have admitted to missing work because of their boss, costing the economy almost 40 million working days per annum. On a more positive note, 52% of bosses were described as ‘friendly’. Andrew Sumner, MD of Monster UK, explains the impact that bosses can have on their staff and warns that unhappiness can lead to skilled employees seeking employment elsewhere.
Recruitment International, December 2014

A recent report conducted by the All-Party Parliamentary Inquiry into Hunger has stated that almost 25% of people who are reliant on food banks are people in low-wage positions. The report appeals to allow the Low Pay Commission to raise minimum wage rates in sectors that are in a position to do so – specifically banking and finance sectors. The report states “too many of the submissions we received, from food bank workers and clients themselves, testify that the national minimum wage is too low to provide a failsafe system against hunger, even with the substantial subsidies taxpayers make to those wage levels through tax credits.”
HR Magazine, December 2014