Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Latest News

Labour market shrinks for first time in 2002

by Personnel Today 5 Sep 2002
by Personnel Today 5 Sep 2002

Demand
for staff has fallen for the first time in seven months, according to the
Recruitment & Employment Confederation and Deloitte & Touche’s Report
on Jobs.

The
labour market trends report, issued monthly, shows that in August:

•
Permanent placements rose at slower rate

•
Temporary staff billings increased for the eighth successive month as companies
prefer flexible workforces in the face of uncertain economic conditions

•
Demand for staff declined for the first time in seven months. The fall was
driven by the sharpest decline in demand for permanent staff since last December.
The rate of growth of demand for temporary staff also eased to its lowest level
for six months

•
Demand for staff varied by sector, although the slowdown in demand was
particularly prevalent for staff at the upper end of the labour market

•
Weaker demand, combined with more available staff resulted in further muted
growth of permanent salaries

•
Temporary staff pay rates were also affected, with the rate of growth of
temporary staff pay rates the slowest since May

Commenting
on the report, Brett Walsh, head of UK human capital at Deloitte & Touche,
said: "Businesses are clearly concerned that the recent economic recovery
may be faltering and have adjusted recruitment activity to reflect this.

"Of
particular concern is the turnaround in demand for staff which, having showed
renewed growth

earlier
in the year, fell for the first time in seven months in August. Nevertheless,
the increased pool of labour available continues to exert downward pressure on
the growth of wages and salaries, and this will enable businesses to
concentrate on further improving productivity levels over the coming
months."

Tim
Nicholson, Chief Executive at REC said: "Since March this year, the Report
on Jobs has indicated signs of a recovery, albeit a fragile one. These latest figures
underline the need for the Government’s tax and legislative programmes to
actively assist businesses to maintain the recovery. Now is not the time to be
increasing financial and regulatory burdens onto businesses large or
small."

By Quentin Reade

Avatar
Personnel Today

previous post
MoD targets other civil servants with recruitment website
next post
HSE issues guidance on incident reporting

You may also like

Steep rise in visas for non-EU migrant workers

19 May 2022

One in five employers planning ‘no jab no...

19 May 2022

BNP Paribas banker accused of ’emotional terrorism’ wins...

19 May 2022

How should HR handle the highest inflation in...

18 May 2022

How to respond to an HMRC furlough enquiry

18 May 2022

AI adoption: Skills shortages means UK lagging behind...

18 May 2022

Nurses leaving due to pressure and workplace culture

18 May 2022

Ethnic diversity: report highlights disparities in school leadership

18 May 2022

Accreditation scheme will ‘encourage LGBT+ people to be...

17 May 2022

Bald move: Tribunal was right in sex-related harassment...

17 May 2022
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...Read more
  • Why now is the time to plug the unhealthy gap PROMOTED | We’ve all heard the term ‘health is wealth’...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+