With the emergency budget due to be announced in a few days, many recruiters are concerned about certain reforms that will have implications for the recruitment sector. Indications are that initial changes will affect public sector budgets and those companies/policies that depend heavily on them.
Many in the recruitment industry reveal they are interested issues regarding specific changes to employment legislation , including the abolition of/changes to the current retirement age and National Insurance Contributions, as well as other policy issues such as minimum wage and incentives for startups including recruitment agencies.
Thankfully, the wait will soon be over!!!!
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I think the issue of increased access to funding is a very sensitive topic. We heard a lot of this last year, when we bailed out banks, but we noticed very little difference, if any, in SME funding. Many SMEs and even larger sized companies are still experiencing cashflow problems, as many banks held on to the cash to protect themselves at the time and some still do. There is evidence though that this is beginning to ease a bit. We now need a huge job creation strategy, as many businesses have gone under and many cannot afford to employ, yet. Obviously there is just no resource to jumpstart recruitment without some funding and policy support that will enhance recovery in this sector.
ReplyDeleteMore of us though are concerned about the policy part as less stringent, policies can enhance competition and reduce pressure on employers and employment agencies.
Very good point, I think the other policies mentioned might be more of an issue that the funding...
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