Is the eurozone crisis hitting recruiter confidence?

Economic instability in the eurozone is looming large over businesses in the UK, not to mention the wider UK economy, and one tangible impact of this increasing uncertainty emerged today, with data suggesting that recruitment activity has slowed due to business concern about the eurozone.

The latest Report on Jobs produced by the Recruitment and Employment Confederation (REC) and KPMG found that, while recruitment is still taking place, growth dropped to its slowest rate for five months. This was attributed by the REC’s chief executive Kevin Green to recruiters’ concerns about uncertainty in the eurozone, as he said: “Clearly the economic backdrop and the eurozone crisis are making some employers think twice before taking on new staff.”

This is a perfectly understandable response by UK recruiters. With the UK’s largest trading partner in such a fragile state, we may see recruitment stalling or reducing in coming months, as UK businesses wait to see how the economic land lies across Europe before committing to long-term staffing growth.

Is this the case at your organisation? Or do you have sufficient confidence to continue to invest in recruitment? We’d like to hear your views on this.