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It seems as if forecasts made near the end of 2007 have been accurate, the present state of the British economy has many members of the population feeling the financial stress. ‘The consequences of not handling your money properly can be devastating’ according to a member of the Financial Services Authority although this is evident for most of us, what has changed is the tolerant nature of the credit companies and banks who would always lend a hand to those in this demanding position of being behind with the bills. The combining factors of increased utility bills, food and fuel bills have left the average employee less disposable wage than last year despite any increases in income, so what can people do? The prospect of different higher paid employment becomes a central factor to the average employee, although the job market itself is also experiencing a recession. The CIPD had approximated the quantity of people to lose their jobs as 150,000. John Philpott, the chief economist, stated that 2008 would be ‘obviously the worst since the Labour Government came to power in 1997’. This downward spiral in employment combining with the increased need for improved wages will be having a sigificant impact on the recruitment market and people will benefit from a modern attitude to finding their desired job or candidate. The way the general public try to find their prospective employees and employers has changed drastically over the last 15 years. More internet savvy employers are accustomed 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 post their Curriculum Vitae on the world wide web in the hope that an employer or recruitment agent can locate the job for them, and quickly. The usage of an agency can be quite a costly one, with a good number of recruitment agencies charging up to 10% of the candidates annual wages upon suitable placing of a applicant. If the vacancy is a temporary one they charge notably more, it could be as much as double the wage. The new member of staff picks up only half of what the employment agency does. There are unquestionable benefits to using a job agency though, the time to fill the position is shorter which enables companies to continue normally and lower chance of customer dissatisfaction. Due to escalating inflation, smaller businesses will feel the pressure, leaving them with an intensifying situatution of increased utility bills. The loss of normal working conditions can cause unrest amoungst staff and this leaves companies with the sometimes long winded 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 look around for a recruitment agency that might have expertise within your businesses field of expertise. Negotiate the the fees they would be expecting for a contracted appointment of a candidate. Guarentee 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 numerous recruitment agencies out there, finding one that expects less payment (percentage of salary or even a fixed price) for matching you with your ideal employee would be wise.
Article Source: http://www.rightarticle.com
Chelsea Butterworth is a freelance author, writing occasional overviews on fixed price recruitment on behalf of Recruitment Revolution.
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