Analysis of employment market trends by Personal Career Solutions

Aug. 24, 2011 - PRLog -- The recent Labour Market report released by the Office for National Statistics represents a bleak outlook on the current employment market. Set against a stock market in crisis and an inert economy, Personal Career Solutions analyses what this means for the 2.49 million who are unemployed and looking for work.

Back in January, there was a sense of optimism in the job market. Recruiters were reporting an increase in vacancies with a hopeful outlook that this positive trend would continue throughout the year. Disappointingly, reports from the ONS for the second quarter show a decrease in vacancies. With only 449,000 jobs publicly advertised the competition is rife.

It has not all been doom and gloom. Although Public Sector redundancies have had a massive impact on the negative figures, Private Sector employment has increased and total pay has increased by 2.3%. These positive figures illustrate that the private sector is stabilising and companies are investing in talent to solidify their position in our turbulent economic market.

Despite the dip in advertised vacancies, organisations are still hiring but budgets are being cut. The use of recruitment services are being used less, appointments sections of newspapers are thinner, so HR departments are under pressure to find candidates themselves. Knowing this, jobseekers must now change the way they approach their search. When times were good a candidate could go to a recruiter and let them do the work, in this market the candidate has to put in the leg work if they want to find results.

Despite the downturn, Personal Career Solutions’ clients are continuing to find work successfully. No clients in August found work through newspaper advertising, which has traditionally been a key source in finding executive level job roles and only 20% of clients found roles through traditional recruitment services. The other 80% of clients found work through the unadvertised job market, in other words networking and self-marketing.

In the current job market, networking is key when searching for an executive level position. Personal Career Solutions provide help and assistance on researching and building networks so candidates can overcome the shortfall in advertised positions. With over 15 years of experience in providing executive career management services they understand how to make the most of existing networks and how to approach key industry contacts.

For more information on how Personal Career Solutions can assist you at this time please visit http://www.personalcareersolutions.co.uk or call 0844 880 6690.

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Personal Career Solutions are the UK's leading career management and outplacement consultancy.

We offer a bespoke and confidential service to each and every professional that we work with by showing them how to make their assets work harder for them.