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It looks as if forecasts made at the end of 2007 have been accurate, the current state of the British economy has many inhabitants of the UK feeling the financial burden. ‘The consequences of not supervising your money properly can be devastating’ according to an employee of the Financial Services Authority although this is apparent for most of us, what has changed is the forgiving nature of the credit companies and banks who would always lend a hand to those in this problematic position of being overdue with the bills. The combining factors of increased utility bills, food and fuel costs have left the regular employee less disposable wage than last year despite any increases in income, so what should happen next? The expectation of different higher paid employment can become crucial to the average employee, although the job market itself is also becoming increasingly condensed. The Chartered Institute of Personnel and Development had estimated the total number of people to lose their jobs as 150,000. John Philpott, the chief economist, stated that 08' would be ‘simply the worst since Labour came to power in 1997’. This dip in employment together with the increased need for better wages will be increasing the strain on the job market and people will need to have a modern approach to finding their desired job or candidate. The way the general public search for their employees and employers has changed dramatically over the last decade. More internet able employers are adopated to using recruitment agencies and job seekers are using websites that are advertising jobs. People don’t have the time to fill in lots of forms and so submit their CV online in the hope that an employer or agent can locate the job for them, and quickly. The use of an agency could be quite pricey one, with a good number of recruitment agencies expecting up to 20% of the applicants annual salary upon suitable placing of a applicant. If the situation is is temporary, they would be expecting notably more, sometimes as much as double the wage. The new member of staff picks up only half of what the employment agency does. There are positive benefits to using a employment agency though, the time to fill the empty position is significantly lowered which gives a smoother transition between new and old employee and lower chance of customer dissatisfaction. Due to mounting inflation, businesses will feel the increased financial strain, leaving them with a growing problem of increased utility bills. The loss of acceptable working conditions can cause bad feelings amoungst employees and this leaves companies with the lenghty process of interviews and applications, but with no extra funds to advertise positions or pay agent fees forms, the business can suffer. A recommendation is to search carefully for a recruitment agency that might specialise within your businesses field of expertise. Check carefully for the fees they would be charging for a successful positioning of a candidate. Ensure your fee is protected if the candidate should seek other employment, after all they might get a better offer! The same is true for the employer though, with many recruitment agencies out there, finding one that offers the lowest rate (percentage of salary or even a fixed price) for matching you with your ideal candidate would be very shrewd.
Article Source: http://www.article.directory4u.org
Chelsea Butterworth is a part-time journalist, writing infrequent columns on low cost recruitment for Recruitment Revolution.
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