Two Thirds Of Companies Plan To Hire In Second Quarter
Written by Geoff Newman on 15/05/2012
A report issued by the New Statesman has revealed that the number of public and private sector firms planning redundancies has fallen while the number expecting to hire in the second quarter of this year is approximately two thirds.
The data, which is based on a survey of 1,006 senior human resource professionals within the UK and conducted by YouGov on the instruction of the Chartered Institute of Personnel and Development, found that 65 per cent of respondents planned to add to their workforce during this period.
With some 74 per cent of the insurance, finance, and property sector saying that their hiring intentions are strong and 77 per cent of the not-for-profit and voluntary sectors saying the same, it seems as if the recruitment outlook is starting to take a turn for the better.
Report author from CIPD, Gerwyn Davies, said “The jobs market is desperately seeking good news, so this latest set of positive figures is very welcome. However, any short-term jobs recovery may not be sustained because of the zigzagging economic backdrop. News of a double-dip recession may cause some employers to reassess current staffing levels, especially while labour costs are rising and productivity is falling. The current economic situation facing recruiters looks unusually difficult to read, which may lead to swings in confidence for the rest of the year”.
It was also found that the number of employers planning to make redundancies has fallen to 32 per cent.