The Office for National Statistics (ONS) has shown that the average British worker has noticed a drop in their pay packet, having £3,640 less per year to spend. When compared to 2011, the first quarter of 2012 saw a 1% drop in take home pay after taxes, resulting in many people having less money to spend.
Revealing the concerning report, the ONS said that when inflation was also taken into account, the drop in income fell to levels not seen since 2003. For those in gainful employment this means that they are getting less income than ever and, with rising prices being noticed, people are even more financially worse off. This may mean that recruitment agencies will have to work overtime to find new prospects for those wanting new jobs as a way to increase their falling income.
General Secretary for Unite, Len McCluskey, said: “Ordinary men and women are working two jobs to get by but they and their families are being hammered twice – once by the bill for the bankers’ blowout and then again by cuts to services that sustain our communities.”
Despite falling incomes, recent reports in the media have shown that the number of job opportunities are rising, offering workers renewed hope that they will be able to find employment. At this time recruitment agencies will be vital for many individuals, offering a route to find better paying jobs so that their falls in income are compensated with new jobs and better pay packets.
Become a Recruitment Genius
The induction process can be a daunting prospect for both the manager and the employee, with lots to remember from…
Making A Job Offer
This is one of the best parts of the recruitment process, as you are able to give the candidate the…
Effective Reference Checking For Prospective Employees
Reference checking is typically considered time-consuming and ineffective. However this is generally because companies adopt the wrong approach. Recruitment Genius…
Illegal Interview Questions
As an employer there are plenty of questions you are entitled to ask at interview. However, there are many questions…
Effective Interview Techniques
Whilst interview techniques will vary depending on the amount of time you have and the position you are recruiting for,…
Shortlisting Candidates for Interview
Whilst short-listing can be a time-consuming process, it is also an exciting moment when you get to meet the potential…
Could Application Forms & Career Portals Actually be Damaging Your Recruitment Campaign Prospects?
Career portals start with the best of intentions – to differentiate you as an employer of choice, underline your employer…
10 Tips To Improve The Success Of Your Online Recruitment Advertising
Online recruitment has revolutionized traditional advertising. You can now truly measure your return on investment and identify the most effective…
Secrets To Online Recruitment Success
Online job sites are arguably the most effective way to reach a wide range of candidates simply because they are…
Choosing The Best Online Job Boards
If you do not choose the best online job boards, then your recruitment campaign runs the risk of immediate failure.…
Selecting The Best Online Recruitment Company
The good news is that the age of expensive, poorly targeted newspapers and print media is pretty much dead. But…