EMPLOYER CONFIDENCE STALLS IN POST-RECESSION UK
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EMPLOYER CONFIDENCE STALLS IN POST-RECESSION UK
News from our colleagues at ManpowerGroup this week indicates a GROWING DEMAND FOR KNOWLEDGE-BASED WORKFORCES AS HIRING REMAINS STAGNANT FOR 2010
UK’s Net Employment Outlook remains at +1% for the fourth consecutive quarter
Public sector falls for the second consecutive quarter to -2%
Finance & Business Services and Utilities are the most positive industry sectors
UK employers predict a static hiring rate for the remainder of 2010 amid concerns of further inconsistent market demand says ManpowerGroup, a world leader in innovative workforce and outsourcing solutions.
The ManpowerGroup Employment Outlook Survey released today, reports a national Seasonally Adjusted Net Employment Outlook of +1%¹ showing that eight months on from the country’s official emergence from recession, employers remain only mildly optimistic about future hiring prospects.
“The UK business landscape is changing and its future stability is under threat, which carries serious consequences for the labour market,” says Mark Cahill, Managing Director at ManpowerGroup UK. “The gap in hiring intentions between the strongest and weakest industry sectors and regions is widening, and although unsurprising, it is a concern for the UK’s post-recession growth strategy.
Jayne Carrington, Managing Director at Right Management says: “The stalling of Employer Confidence is bad news for employee engagement and productivity. Uncertainty and hesitancy at leadership levels around hiring intentions often exacerbates problems of stress, motivation and employee engagement with already overstretched employees. A lack of action can get misinterpreted as poor decision making, or worst still, bureaucratic leadership with normal levels of communication and openness dropping. Without communication, there’s no action. And without action, there’s no organisation. Keeping the lines of communication open is challenging for any Manager, and it’s even magnified when managing diverse and virtual teams.
Leaders and managers alike will need to use their strong technical knowledge and leadership skills to drive productivity, engagement and performance. Aligning individual strengths and interests to create a team of engaged and empowered people is critical. It is an important factor in resolving issues regarding a talent mismatch and executing a flexible, agile business strategy.”