Declining Job Figures Pose Long Term Risk to Performance
With the high street continuing to suffer in the wake of lukewarm consumer confidence, it’s no surprise to see the job market continuing to contract, said a Partner and Head of Business Services at KPMG.
For a long time, though, temporary job placements have offered some form of salvation, so it’s alarming to see these roles drying up, too. If permanent and temporary roles continue to disappear this is a trend that will go on for some time, Bernard Brown said.
“It’s easy for employers to retrench when times are tough, but if they are continually shelving jobs as a way of saving money, they will be in no position to capitalise when the economy turns a corner. It means that now is the time to start asking questions about how good a solution redundancy is.
“After all, by reducing the number of staff at their disposal, organisations are running the risk of being unable to service customer demands or handle demand when the economy picks up. In simple terms, continually wielding the redundancy axe could render organisations unfit for purpose in the long-term.”