Umbrella company contractors that have spent the majority of their time working in the public sector may need to learn a new language if they want to survive in the business world.
Contractors may be interested to learn that the latest Employment Outlook Survey from Manpower predicts that hiring will increase slightly in Q2. The survey reveals that the seasonally adjusted net outlook for employment is +2%.
Contractors who have been used to public sector working will need to learn private sector language if they become victims of the government spending cuts.
The latest ONS statistics show that levels of staff sickness absence have reverted to pre-recession levels. Before the economic crisis, 2.5% of respondents said they had taken a day off in the 7 days prior to the survey.
There is a North-South divide when it comes to hiring intentions, according to the latest quarterly survey of entrepreneurs conducted by RSM Tenon, the professional services firm.
Consumer confidence dipped last month, according to the most recent Expectations and Spending indices from the Nationwide. This could have a knock on effect on umbrella company contractors as businesses rein in spending temporarily.
The CBI has warned that financial services companies in the UK could cut around 15,000 jobs over the next three months as the focus sharpens on lowering costs.
The freezing December weather caused 38% of small businesses to close and a further 41% to operate without their full complement of staff. The cost to the small business sector was in the region of £2.1bn.
The number of women taking on interim assignments, some through umbrella companies, has risen to an all time high, according to the latest market audit from the IMA.