Financial service sector jobs are being cut at their fastest rate since 1993, according to a survey from the Confederation of British Industry (CBI) and PricewaterhouseCoopers.
The survey shows that staff turnover slumped for the fourth quarter in a row due to hesitancy around changing jobs and a shortage of vacancies.
The fall in permanent placements has significantly reduced business profitability, according to BDO Stoy Hayward’s review of the latest data outputs from Recruitment Industry Benchmarking (RIB).
With the margins on temporary placements holding up, the decline in placement volume is having a dramatic effect on the profitability of
International executive search firm Borderless Executive Search has added fast-growing environmental technologies to its sectors of expertise.
The Brussels, Belgium-based search firm specialises in finding and attracting talent in process and converting industries, life sciences and food processing.
Confidence among service sector businesses has continued to recover, according to the CIPS/Markit Business Activity Index.
Confidence rose to its highest level since May 2008, with nearly 46% of the survey panel predicting a rise in activity in a year’s time.
The pound’s recovery will not boost the UK’s foreign holiday market, according to travel recruiters.
Ian Brooks, director at Gail Kenny Executive Search, told Recruiter that sterling has gained some of the ground lost against the Euro but still has a long way to go to get back to last summer’s value.
Hinckley: customers receive four upgrades each year
It seems men are more likely to cheat on internet selection tests than women, according to a new survey from psychologists Saville Consulting.
The survey found that 42% thought men were more likely to cheat than women, opposed to 9% who felt females were more likely to cheat than males.
Britain’s love of coffee shows no signs of abating and is boosting jobs in the hospitality sector.
Industry analysts Allegra Strategies says there are now 3,712 coffee outlets in the UK, up 6.4% on last year.
The recovery of the travel sector is linked to the economy rather than removal of burdensome legislation, according to travel recruiters.
Last week, at a meeting of Association of European Airlines (AEA) in Brussels, airline chiefs called government regulations “unacceptably burdensome”.
Members of trade body the Recruitment and Employment Confederation (REC) met in London last night to plan the campaign for the Agency Workers Directive consultation.
The audience thought the current interpretation of the legislation would reduce the number of temporary workers they can place, with 26% expecting a very significant and 37% a significant reduction in headcount.