Secretarial Jobs Board

Low business confidence sees recruitment down

12/11/2008

Low business confidence is the reason behind the fall in recruitment levels, it has been claimed.

According to the Chartered Institute of Personnel and Development, the financial slowdown is seeing firms get "nervous and cautious about the future".

This means that fewer companies are willing to take on new staff and less employees are looking for alternative jobs.

Gerwin Davies, public policy adviser at the group, said: "We are seeing the worst recession in over 15 years and the economic situation is not improving at the moment and that depends on what happens with the Bank of England cutting interest rates and the prospect of tax cuts which may improve the situation.

"Business confidence at the moment is extremely low and it's making businesses nervous and cautious about the future and that explains why recruitment levels in the quarterly snapshot figures on market output have hit a record low."

Figures from the institute's autumn Labour Market Outlook show that 75 per cent of organisations are planning to recruit in the next three months, down from 81 per cent in the summer.ADNFCR-1196-ID-18871986-ADNFCR


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