The numbers coming from The Chartered Institute for Personnel and Development and consultants KPMG are not promising. Every three months, these two team up to conduct a labor market survey. This time, the numbers indicate that the number of employers who plan to hire has dropped below the number that does not.
Warnings for the UK Government
Certainly, if this survey of 1000 employers is accurate, it will signal a serious blow to the Government and its attempts to kickstart growth.
The current survey results are for the recruitments in the third quarter of 2011. As the survey found, and as reported by the Daily Mail, “It has fallen to -1 from +3 in the past three months. Long-term prospects are even worse, with the 12-month employment index falling to -6 from +2 last quarter.”
Survey Results Explained
As Gerwyn Davies, the public policy adviser at the CIPD said, “Together with the public sector redundancies, which will affect one in 20 frontline workers according to our survey, the recent story of an employment revival may become one of an employment relapse.”
Government officials have, of course, expressed skepticism about the report.