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.
New data released recently by the Office for National Statistics illustrate that the current rates of unemployment in the country have dropped by an additional 8,000 people for the months of May, June, and July.
On Wednesday, the ONS revealed that unemployment in the UK had fallen for the second consecutive month, but candidates and employers still remain cautious.
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.
The number of short term assignments for limited company contractors, sole traders and umbrella company workers is set to drop according to a new report by the Confederation of British Industry (CBI).
There are now more than one million people in the UK working on a part-time basis because they are unable to find a full-time position. The number of temporary workers who can’t find permanent jobs has also increased to 40%.