For the younger generation, who are still trying to get a toe in the door, the struggle to find employment goes on. Employers will ignore their hunger for work at their own risk because, whilst it is important to have people in place with the right level of experience for today’s needs, they also have to plan for tomorrow.
Reacting to the publication, today, of the latest UK employment figures, which have seen unemployment levels fall by 133,000 to 6.8 percent, Bernard Brown, partner and head of business services, in KPMG’s management consulting practice, says:
“More people in employment, more jobs being created and more money in starting salary pay packets all point towards continued growth, greater confidence and a return to a buoyant labour market. For those people lucky enough to be changing jobs, today’s news is a welcome confirmation that their decision to dip their toes in the jobs market looks like being the right one. Yet, for the younger generation, who are still trying to get a toe in the door, the struggle to find employment goes on. Employers will ignore their hunger for work at their own risk because, whilst it is important to have people in place with the right level of experience for today’s needs, they also have to plan for tomorrow.
“Although interest rates are expected to increase within the year, which means businesses are beginning to plan for increased levels of expenditure, most recognise that this shouldn’t stop them from recruiting today. The mantra they seem to be adopting is one of speculating now to accumulate later – but the question that remains is whether jobs are being filled for the sake of filling them and whether organisations are building teams with the skills to meet client needs over the long-term.”
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Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.