If you would like to receive Perspective - our monthly newsletter – which brings you all of our latest news and views as well as interviews and opinion pieces then please follow the link below...
UK recruitment freeze continues
The majority of British businesses are opting to freeze pay or long-term recruitment plans as they look to weather the current economic storm, the Confederation of British Industry (CBI) has reported.
According to research carried out by the organisation, around 40 per cent of employers have put a freeze on their graduate recruitment efforts. Rather than recruit senior managers, many are likely to turn to interim managers with the appropriate specialists skills to manage business critical projects.
Of the 700 companies polled, more than half expected that it would take at least a year for their recruitment levels to return to those of 2007, with just five per cent stating that they are currently taking on more permanent members of staff.
Commenting on the current trend, CBI deputy director general John Cridland pointed to the benefits of interim management recruitment and flexible working practices in such an economic climate.
"The UK's flexible labour market has proved a huge asset during these testing times, and flexible working changes have enabled employers and staff to create leeway on working hours," he said.