UK job market reaching crucial phase

Employers across the UK are looking to hold onto more staff to avoid losing skills despite low levels of demand and output, new research has revealed.

The Chartered Institute of Personnel and Development’s (CIPD) Labour Market Outlook indicated that more than a third of private sector firms have kept staffing levels higher than required for the current level of output, with a desire to maintain the skills base provided by staff.

There were also fewer firms planning on make redundancies in Q3 of 2012, compared to three months ago.

Late payment culture continues to threaten SMEs

Approximately one in six companies have almost gone out of business due to cashflow difficulties caused by debtors paying late, new research by credit agency Graydon and the Forum of Private Business (FPB) has revealed.

The survey of 500 small business owners found that more than half (51%) of respondents said late payments were affecting their ability to trade efficiently, whilst almost a quarter (23%) said late payments were a ‘serious problem’.

More job vacancies emerging, says Reed

The UK labour market has seen a rise in the number of job vacancies so far in 2012, according to the Reed Job Index.

A survey by the recruitment giant of over 10,000 companies revealed there was a 6% increase in vacancies between Q4 2011 and Q1 2012.

37 industry sectors were analysed, with engineering reaching its highest mark for employment demand since the Index began in December 2009. Other notable increases in demand were recorded across IT, construction, motoring and purchasing.

UK labour market turning the corner?

Optimistic signs about the UK’s labour market have emerged in the last few months, as more firms look to hire staff than let people go, according to the latest survey by recruitment firm Manpower.

The survey of more than 2,000 businesses indicated increased business confidence and more firms planning to begin recruitment campaigns, which had previously been delayed whilst the economy dallied.

Recruitment agencies reporting better financial performances

UK recruitment agencies have recorded improved financial performance over the last 12 months, according to a survey by industry analysts Plimsoll.

The survey of 1,000 companies revealed a fall in the number of recruitment agencies making a loss, with 221 loss-making companies over the last 12 months, down on the previous figure of 315.