It’s the middle of summer and the job market is traditionally quiet at this time of year; but recruiters are worried.
Fewer candidates are getting to offer stage and the general consensus is that this may be attributed to more than mere seasonal factors.
Although things picked up slightly last month, firms are now worrying about a possible double dip recession. Recruiters say there are still vacancies out there, but are questioning how many will be filled and how many will be put on hold. They say that companies are again delaying hiring decisions and those that were eager to recruit earlier in the year have disappeared.
Meanwhile, Liz Longman from The Employment Agencies Movement is urging British banks to form transparent business partnerships with recruitment firms.
A taskforce has been set up this week by the BBA to look into the barriers to securing finance and to recommend ways of boosting funding for UK firms.
Longman said that the general consensus amongst recruiters is that banks do not understand their business. Business loans that were available before the recession have now been withdrawn but the banks don't seem to understand the way the recruitment industry operates.
The banks aren't making it easy for recruiters to get additional funds or to make changes to their existing accounts.
The relationship between bank and recruiter needs to be a two-way transparent arrangement, where the account manager understands the recruitment business and can make flexible decisions, she added.
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