While the UK still struggles to get out of this recession (just as the rest of the world), there does seem to be a hint of economic improvement. In a recent report, low-carbon or green businesses are receiving funding from the Regional Growth Fund. The main purpose of this funding is to spur vacancy creation. "The government said it expects the investment to create over 27,000 direct jobs, with a further 100,000 jobs supported in associated supply chains and local economies."
While this may still seem relatively small, it is a large step towards decreased unemployment and overall recovery. This initial funding will be followed by a second round of funding that will more than double in amount.
"This money will now help create and safeguard jobs in some of the communities worst hit by the economic downturn," said Deputy Prime Minister Nick Clegg. "Today is a step towards rebalancing our economy away from an unhealthy over reliance on a small number of industries and a few areas. We need to spread opportunity across the whole country, drawing on our many talents."
And, this will happen. Opportunities will arise and the economy will improve. That’s just how it works. Now the real question is: WHEN?
I think we can comfortably say we are getting there! And, companies across the country are trying to figure out how to prepare for these potential positive trends head on. Some HR executives are investing in automation tools now to lower overall HR expenses when recruitment starts back up, while other companies are waiting it out a little longer and trying to plan what they will do. What are you doing and why? I would love to hear your responses.
Or better yet, come join us on 11 May 2011 at 10:00 am for iCIMS’ HR Leader Networking event in London, UK. This event is open to both iCIMS customers and all other HR Leaders in the London area looking to contribute their thoughts on relevant issues, ideas, best practises, and trends. It’s free too! Register here. This will be a great opportunity for HR professionals to exchange thoughts and ideas in order to prepare better for economic and recruitment improvement.
Just as Henry Ford said, "Before everything else; getting ready is the secret of success."