Dr John Philpott, the chief economist at the CIPD, believes that the executive search market will continue to grow because neither the public nor the private sector has the ability to find and retain highly skilled workers.
In June, George Osborne announced a two year public sector freeze on pay for those employees earning in excess of £21,000 but this will have a detrimental effect according to research carried out by the Institute of Payroll Professionals.
The latest employment statistics from the ONS showed a rise in the number of people who are working and this rise is in part attributable to an increase in the number of umbrella company contractors.