Economic downturn to hit jobs market according to research

Recruitment consultants are concerned skills shortages combined
with the predicted slow down in the UK economy will produce a decline in the
jobs market, according to research.

The survey by HR recruitment outsourcing company LSM, reveals
that six out of ten recruitment consultants are worried about the skills
shortage and forty per cent believe that an economic down turn is poised to hit
the jobs market.

LSM surveyed 500 managing and financial directors of recruitment
firms, all with turnovers between £2 and £100m in the IT, banking, financial,
telecoms and legal sectors.

Lionel Fairweather, HR manager of LSM group, commented,  "The skills shortage is combining with
fears of economic decline to make for a restless employment scene. Overall, the
potential for UK businesses cannot be fulfilled due to an ongoing lack of
resource. It’s now a sellers market for skilled people who can pick and choose
their roles, more than ever dictating conditions. New laws protecting temporary
employee rights give strength to the position of job seekers.”

By Ben Willmott. Click
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