Iain McLaughlin, head of recruitment for KPMG, said that “The recruitment market has become more buoyant across the board in recent months. Demand has grown and so has supply, as people have become more confident about leaving their present position for other jobs. I look forward to making sure that KPMG’s recruitment function can continue to be one of the best in the market.”
PwC predicts job losses further to Public Sector expenditure cuts
At the same time as the positive news from KPMG a new report by PriceWaterhouseCoopers (PwC) suggests that 500,000 jobs will be lost in the pubic sector due to Government spending cuts and a further 500,000 jobs will be lost in the private sector due to knock on affects created by the loss of public sector contracts and reduced demand. The PwC report, titled ‘Sectoral and Regional Impact of the Fiscal Squeeze’ predicts losses equal to 3.4% of jobs across the United Kingdom. However the good news is that the chances of a double dip recession are low and new jobs should be created in sectors such as outsourcing.
The areas of the country most likely to be hit by cutbacks are Scotland (4.1%), Wales (4.3%) and the North East (4.1%). The Chief Economist at PriceWaterhouseCoopers, John Hawksworth, said that “Although the recovery may not be as strong this time as in the 1990s, we would expect at least some rise in private sector employment over the next five years despite the fiscal squeeze, bearing in mind that this squeeze should allow interest rates to remain lower for longer.”
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