As public sector cuts hit the UK, It is expected that half a million private sector jobs might be lost, according to recent research by PriceWaterhouseCoopers. It is easy to see how the losses will come as a knock-on effect from withdrawn public contracts and reduced public spending. However, it is expected that this will result in increased flexibility on wages and working hours due to companies struggling to reduce non-core and fixed cost operations. This increase could in turn lead to a rise in outsourcing activities, contract opportunities and part-time jobs, and is likely to occur in spite of the current fiscal squeeze, as has been the case in previous situations.
There is hope yet, I think for the interim job market...
Interim Management Talent Bank provides professional Interim Managers at www.imtb.uk.com
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I must say that the likelihood of this happening is quite high. If we subject this 'hypothesis' to the law of demand and supply (Note- I only choose to speak hypothetically these days as much of the happenings in the past 2 years have taken us by surprise-globally), we should expect companies to have to seek new ways to satisfy the demands of the company when they are unable to sustain full time employment in all areas of the business. The onus therefore is for recruitment companies to be as flexible as possible in their pricing and structure so widen their market and take advantage of the new opportunities that may arise.
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