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Wednesday 9 February 2011

Private sector growth 'offsetting public sector cuts'

Growth in the private sector is comfortably helping to offset cuts in the public sector, according to one organisation.

Research carried out by InterQuest suggests that a downturn in public sector business is being "more than offset" by the private sector, with trading increasing and companies expanding.

Gary Ashworth, executive chairman of the organisation, told the Recruiter that financial services in particular is experiencing a boost.

"While we have, as anticipated, seen a decrease in public sector work, this has been more than offset by the growth of private sector business, particularly financial services, and that positive trend has continued into 2011," he added.

It comes after Steve Huxham, chairman of the Recruitment Society, said that many recruiters will be inundated with demand from applicants in the near future, particularly in sectors such as financial services, and they therefore need to be ready for the influx.

His comments were supported by figures form Monster, which revealed that there was a sharp rise in the number of applicants for financial services jobs, including sales recruitment positions, in January compared with the same period in 2010.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by Nikki BarristerADNFCR-1617-ID-800394484-ADNFCR

Source: The Sales Executive News

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