Credit crunch 'could affect recruitment'
Fri 25 Apr 2008
24/04/2008
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The fallout from the credit crunch could affect recruitment, a survey has revealed. Research by financial services provider, Baker Tilley found organisations are less positive about the UK economy and could change their recruitment plans. "A cross-section of British businesses began to feel the widening effects of the credit crunch during March," noted Laurence Longe, national managing partner. "Most are considering belt tightening and are proposing increased vigilance to deal with the tough market conditions." The study found one in four companies was looking at limiting recruitment and ten per cent were looking at changing their remuneration policies. However, it revealed firms remain up-beat and the majority (75 per cent) will continue with their growth strategies. The chancellor, Alistair Darling, remains positive about the economy, earlier this month telling Radio 4's Today programme there were still "grounds for optimism" in the face of an "unprecedented shock to the economy", the Times reported.
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