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Job market takes a tumble
26th February 2009, Page 47
26th February 2009
Page 47
Page 47, 26th February 2009
— Job market takes a tumble
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THE KPMG/MARKET survey for January showed a steep decline in permanent and temporary jobs, but it was not as harsh as December 2008.
That sad, demand for staff is still falling at a record pace, and the only sector escaping this is health. Blue-collar jobs are showing the sharpest contraction.
Permanent and temporary salaries are dropping in line with falling demand. KPMG suggests that more employers are looking for creative ways to avoid lay-offs, such as reduced working weeks.
This will be important to employers now, since the statutory cost of redundancies went up from 2 February 2009. Any employee with more than two years' continuous service is entitled to a statutory redundancy payment — the weekly limit for which rose to £350 from £330.