As all the banks report on massive job cuts following poorer than hoped results it begs the question that hiring freezes will inevitably start (some have already). This is not good news for the market as a whole but for the temporary job market we will see a likely increase in activity. Given that the announcements will stay in place until the beginning of next year we are likely to see increased activity in temporary jobs.
Some areas of Scotland have become worse than inner London boroughs in becoming the worst employment blackspots in the UK. West Dunbartonshire is apparently the worst place to find a job. More than 40 people are thought to be chasing every vacancy. The national average is six.
Some London boroughs including Haringey and Lewisham are regularly in the top 10 and are now joined by new areas such as the Isle of Wight, West Dunbartonshire and South Lanarkshire.
The financial services firms in the London can not hire recruiters fast enough at the moment. Recent analysis by HR recruitment firm Oakleaf Partnership indicated that 23% of their current temporary and permanent HR jobs were for recruitment professionals. These roles also spanned all levels of experience. With the city so keen to hire recruiters the assumption is that organisations are ramping up in the preparation to hire more employees. Is this a great indication that rosier times lie ahead?
According to the latest market intelligence from the CITB - Construction Skills, the East and South-East will be in need of the most new construction staff over the next five years. Jobs in construction in these areas of the UK are expected to rise ahead of other regions meaning that employment in the areas is on the up. Construction is so often seen as a great barometer of the economy.
The worlds largest hotel group is to build 37 new hotels over the next two years. 10 of these will be in London - 1 in Westminster and 2 in the Olympic village. The new hotels will create 3,000 new jobs in all areas of the hospitality trade.
