Precision Blog - Recruitment and Employment News

John takes 3rd place with Will in 2nd and Phil in 1st position.

Precision’s consultants battled it out on the go-karting track recently. They went head to head completing ten circuits each to see which consultant could achieve the best possible lap time.

Out of the seven consultants who took part, Technical consultant Will came third, John came second and Director Phil Walker came first.

LONDON (Reuters) – Jobless claims fell three times faster than expected last month, giving a boost to financial markets, though the upbeat message was undercut by the rise in a broader unemployment measure to a 14-year high.

Wednesday’s official data adds fuel to Britain’s closest-run election race in decades, with the Conservatives and Liberal Democrats seizing on the rise in the jobless rate to slate the Labour’s record ahead of the May 6 poll.

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The REC’s JobsOutlook survey has pinpointed a surge in employer confidence as the industry begins to loosen its belt.

A heartening 96 per cent of employers surveyed stated they now expect their permanent workforces to remain static or grow within the next three months – a rise of two per cent on the previous month.
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The latest KPMG and REC Report on Jobs has shown the strongest growth in permanent placements in 12 years and the sharpest rise in temporary staff billing since January 2008.

These figures were further boosted by a rise in candidate availability.

Higher permanent placements were also given a shot in the arm with a further expansion of permanent staff vacancies.

Permanent staff salaries rose again in March. The rate of inflation was solid, despite easing slightly from February’s twenty-month high. Temp pay increased at a pace that, although modest, was the sharpest since June 2008

REC chief executive Kevin Green said: “Permanent appointments increasing at the fastest pace for over 12 years is the clearest sign yet of a revival in the UK jobs market. A rise in both temporary and contract work at the sharpest rate for nearly three years shows how they continue to provide vital flexibility for UK businesses as well as a valuable route back into work for job-seekers.

“However, the overall outlook is tempered by public expenditure cuts which are already impacting on recruitment in this sector. Deep-rooted reforms and innovative approaches to public sector resourcing will be needed in order to maintain frontline services. While high-end sectors such as IT and engineering continue to show strong growth, demand is also increasing for secretarial and back-office support roles.”

Source: The Recruitment Consultant Magazine 7th APRIL 2010

LONDON (Reuters) – The Bank of England looks set to keep its powder dry on Thursday as it pauses to assess the impact of the massive stimulus it has already injected into the economy.

It is now a year since the central bank slashed interest rates to a record low 0.5 percent and began buying bonds in an unprecedented attempt to kickstart growth.

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NEW YORK (Reuters) – Judging by the recent flurry of share buyback announcements, Corporate America is increasingly confident the worst of the economic slump has passed.

After two years of belt tightening, stock buybacks are running at their highest level in two years as companies start to look for ways to deploy the record levels of cash on their balance sheets.

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The number of hours worked by private sector temporary workers increased by 35% in January, according to procurer of temporary agency labour de Poel.

And de Poel says this overall increase in temporary labour usage is in spite of bad weather caused by heavy snowfall earlier this year.

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The UK inflation rate rose to 3.5% in January – the fastest annual pace for 14 months – from 2.9% the month before, official figures have shown.

Consumer Prices Index (CPI) inflation was driven up by VAT returning to 17.5% and higher petrol prices.

Retail Prices Index (RPI) inflation which includes housing costs, rose to 3.7% in January, up from 2.4%.

Bank of England governor Mervyn King has had to write a letter of explanation to the chancellor.

A letter from the bank’s governor is required if inflation is more than one percentage point above or below the government’s 2% target. Click to read

The number of people unemployed in the UK has fallen slightly, figures show.

Total unemployment stood at 2.46 million for the three months to December, down 3,000 on the figure for the previous three months.

The rate of unemployment was unchanged at 7.8%, the Office for National Statistics (ONS) said.

However, the number of people claiming Jobseeker’s Allowance rose by 23,500 to 1.64 million in January, the largest increase since July last year.

Analysts had expected the number of claimants to fall by about 10,000.

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Recruitment industry survey confirms that businesses are starting to hire again, says James Caan.

Positive news at last from the recruitment industry. The recent survey of agencies by the Recruitment Employers Federation and KPMG suggests that companies are hiring again in good numbers. Demand for staff is at its highest since July 2007, apparently, but I’m not sure that all sectors of the economy are roaring back to health at the same time. Some canny business owners who prepared themselves during the recession may now be finding their feet, but as industry sectors felt the pain of the recession at different times so they will return to hiring mode again at their own pace.

I am seeing a pattern of increased job openings and activity in a number of businesses within my investment portfolio. From recruitment agencies to web design consultancies – they are showing signs of recovery and are enthusiastic about the year ahead.

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