Click here to see the left navigation

As one of the longest established financial solutions companies in the UK, we have helped over 170,000 people escape the pressures of debt. Learn more about us and why we’re the best people to help you, here.

Click here to find your solution today

Threat of redundancy recedes as employment outlook brightens

redundancyFor the first time in more than twelve months, the prospects for the jobs market has improved, with a rapid downturn in the number of businesses planning to make staff redundant.

The research revealed that new employment versus redundancies was a positive figure, with more employers looking to recruit, than to lay off staff.

The figures released by the Chartered Institute of Personnel and Development (CIPD), were compiled after a survey of 100 different employers.

However, before optimism rises too high, the CIPD also warned that there was still caution amongst businesses about the prospects in the medium term.

The study found that the swing into the positive was driven primarily by a reduction in planned redundancies and job losses, rather than an upturn in the number of new jobs being created, supporting the notion that growth in the country remains stilted.

Gerwyn Davies from the CIPD described the latest results as ‘very welcome’ and said the news would help to boost an ailing jobs market. But he cautioned against analyzing the results too closely, warning of the ‘zigzagging economic backdrop,’ which he suggested could ultimately cause the market to plummet once again.

Mr Davies said the figures pointed to an employment sector experiencing ‘greater volatility’ in 2012 than had been the case during 2011, where slow and gradual progress was seen.

The study also showed a marked increase in the number of businesses seriously considering switching their operation overseas in the coming year. Mr Davies said this trend could be dangerous for employment and suggested that it could mean some were ‘focussing too narrowly on costs’ and were sacrificing quality in return for cheaper running costs.

The report from the CIPD was released before the official unemployment figures are published on Wednesday.

If you’re worried about your debts, speak to Baines & Ernst about our no-obligation financial reviews.

Find the right solution

Answer a few simple questions and we'll help you find your solution.
  • Total unsecured debt: £500

    Click here to read the privacy policy
  • This field is for validation purposes and should be left unchanged.

Find the right solution

Answer a few simple questions and we'll help you find your solution.
  • Total unsecured debt: £500

    Click here to read the privacy policy
  • This field is for validation purposes and should be left unchanged.
Click here to view the RSS feed