People looking for recruitment agency invoice financing may be concerned to hear that chancellor George Osborne's decision to increase VAT from 17.5 per cent to 20 per cent could result in job losses.
That is according to HR recruiter Ortus, which warned that the move announced in the emergency Budget this week is likely to cost around 200,000 to 235,000 UK jobs over the next eight to 10 years.
Stephen Menko, UK Director of Ortus, said: "At least George Osborne stopped at 20 per cent. The EU allows members to increase VAT all the way up to 25 per cent."
The company's conclusion is based on what happened in the Netherlands where a one per cent increase in VAT resulted in a loss of 20,000 jobs. The UK number of job losses is higher because it has a significantly larger workforce.
And, with public sector job cuts expected to hit 725,000 jobs, experts are warning that UK unemployment could exceed the three million mark.…
back office solutions such as recruitment agency timesheet management may be interested to hear that employment searches increased following England's exit from the World Cup.
Figures from online competitive intelligence service Experian Hitwise have revealed that a 23 per cent increase in internet employment searches was seen following the exit at the round of 16 stage.
These figures were reinforced by statistics from the IT Job Board, which compared the two weeks before and after England's knockout by Germany, and discovered an 18 per cent increase in natural traffic.
A ten per cent increase in total site visits was also noticed, coupled with a 20 per cent jump in new CVs being uploaded to the site, as 25 per cent of existing documents were updated.
"Looking at the stats, it seems the World Cup acted as a real distraction from UK job searching; with the IT sector proving to be no exception," commented Alex Farrell, managing director of The IT Job Board.
As well as outsourcing timesheet management, recruiters can hire an agency to handle their invoice financing and payrolls.…
Yes, it increases the number of people finding out about the position, but the way I look at it, the more people that see the recruiting message, the more the number of resumes coming in for a job position. Doesn't that translate to higher expense of time and money for companies, hiring managers to sort out the meaningful resumes from the bulk? After all indiscriminate broadcasting of job opportunities without increasing the odds of finding the right candidate is only going to increase the volume of resumes not their quality.
There is a better way to utilize the social networks when it comes to searching for talent and I believe the real power of social recruiting will be unleashed only when the broadcasting is not indiscriminate and instead is done selectively.…