UK braced for a jobs crisis, but had the unexpected

Therefore the government has doubled its army of so-called work coaches , which help unemployed people find a job. It hired 13,500 more ...


Therefore the government has doubled its army of so-called work coaches, which help unemployed people find a job. It hired 13,500 more coaches, a larger force than that mobilized after the Great Recession of 2008.

At the end, the fallout was much less severe. After the UK Treasury extended the holiday program, unemployment peaked at 5.2% in December and now stands at 4.7%.

“It’s been a really quick rebound,” said Dan Taylor, managing director of Morgan Hunt, a recruiting company that helps fill jobs in about 600 organizations, mostly in the public sector.

In six months, the company has gone from “having difficulty finding jobs for candidates who are registered with us to a situation where we simply cannot find the qualified and experienced staff we need,” said Mr. Taylor. “I’ve never seen anything move that fast before.”

Last month, the Bank of EnglandGovernor Andrew Bailey highlighted the changing problem facing the country. “The challenge of avoiding a sharp rise in unemployment has been replaced by that of ensuring a flow of labor to jobs,” he said. “It’s a crucial challenge.”

Some industries are trying to buy their way out of this problem. Trucking, warehousing and logistics companies offer premiums of up to 5,000 pounds (almost $ 7,000) to people who can start immediately.

When Morgan Hunt was helping a public housing agency hire a senior fire officer, for a salary of £ 90,000, or around $ 125,000, two people were willing to take the job – until a chain of greats stores ripped them off after offering a much higher salary, Mr. Taylor said. This has created a dilemma, as it is difficult to quickly expand the pool of candidates for a highly skilled job when there is a reluctance to hire less experienced staff.

Source Link

COMMENTS

Name

Africa,879,Americas,4240,Art & Culture,15479,Arts,6659,Arts & Design,1793,Asia,3456,Automobile,494,Baseball,717,Basketball,575,Books,4067,Business,5533,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1827,Dance,616,Defense,836,Diplomatic Relations,2496,Economy,1253,Editorial,260,Education,1368,Elections,308,Energy & Environment,3105,Entertainment,23186,Environment,3786,Europe,4392,Faith & Religion,235,Family & Life,817,Fashion & Style,3464,Finance,20809,Food & Drink,3939,Football,1159,Games,97,Gossip,10289,Health & Fitness,4286,Health Care,948,Hockey,237,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,17805,Media,527,Middle East,1625,Movies,1887,Music,2814,Opinion,3532,Other,12516,Other Sports,5254,Political News,11324,Political Protests,2324,Politics,18217,Real Estate,2067,Relationship,106,Retail,3116,Science,2802,Science & Tech,10586,Soccer,300,Space & Cosmos,380,Sports,12789,Technology,3618,Tennis,654,Theater,1814,Transportation,313,Travel,2702,TV,3844,US,1018,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,17322,
ltr
item
Newsrust - US Top News: UK braced for a jobs crisis, but had the unexpected
UK braced for a jobs crisis, but had the unexpected
https://static01.nyt.com/images/2021/09/09/business/00uk-mysteryworkers-promo/00uk-mysteryworkers-promo-facebookJumbo.jpg
Newsrust - US Top News
https://www.newsrust.com/2021/09/uk-braced-for-jobs-crisis-but-had.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/09/uk-braced-for-jobs-crisis-but-had.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content