Up to 2,000 candidates attended the third Working Worlds Careers Fair in the virtual universe of Second Life, organised by Luxembourg-based GAX Technologies. Recruiter dropped in on the event where candidates and prospective employers rubbed shoulders in the guise of their computer-generated avatars in a space-age environment specially created for the event.
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Thousands of job losses were announced yesterday, the majority of which will hit the City.
Nomura, the Japanese bank that recently acquired some of collapsed investment bank Lehman Brothers’ operations, said it would cut 1,000 jobs in London.
Commerzbank, which is not due to complete its acquisition of Dresdner Kleinwort until next year, announced 1,200 redundancies in the City.
Online recruitment declined sharply in November, according to a new survey.
The Index declined by nine points in November to reach a 19-month low as online job availability saw the largest monthly fall since January.
Over two-thirds of agency workers (68%) are satisfied with their pay and 84% are happy with their recruitment agencies, according to research by the Recruitment and Employment Confederation (REC).
Calls from HR staff requiring advice on redundancies to HR software provider NorthgateArinso have doubled in the past year.
The firms say that middle management errors during the redundancy process can cost business thousands of pounds in legal fees and industrial tribunals instead of freeing up the HR department’s time to deal with other problems.
Debtor days dropped dramatically during October and November as recruiters reined in clients to preserve cash flow.
According to BDO Stoy Hayward’s Recruitment Industry Benchmarking, the average debtor days over the past two years was 41.5 days.
This dropped to 39 days in October and 38 days in November.
Comensura has been awarded a three-year contract to supply agency workers across Cardiff Council, with an option to extend for a further 12 months.
Mike Trevor, chief executive of Comensura, says: “Comensura will help the council to streamline its sourcing and management of agency workers across the board and significantly reduce ongoing costs.
The Gangmasters Licensing Authority (GLA) and the Bulgarian Chief Labour Inspectorate have agreed to work together to monitor and regulate labour companies that provide seasonal workers for the UK.
The agreement follows incidents investigated by the GLA last year when Bulgarian seasonal workers in the agriculture sector reported that they were victims of exploitation in the UK.
In response to your story ‘Ellis Fairbank director speaks of his anguish’ (Recruiter, 4 February), my beef is not with Ellis Fairbank per se, as what they did was lawful (but Harry Cross is spot on when he says it does look “like a cynical ploy to ditch the debt”). No, my beef is with your magazine and its supine journalism.
The BMW-owned car manufacturer has been lambasted by trade union officials after making redundancies at its branch in Cowley, Oxford.