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UK job hunters facing 'difficult market'
Thursday, 21 February 2008
Graduate Job sector Reports
Job hunters in the UK are finding increasingly difficult to secure a job in light of the credit crunch, according to new research.
The Right Management Outplacement Index conducted by HR consultancy Right Management has revealed that job hunters faced a particularly tough time toward the end of last year.
It found that the average job seeker had to attend five interviews to land a job in December as opposed to an average of 3.68 interviews throughout the whole of 2007.
Additionally, the survey discovered that many employees are accepting lower pay conditions when coming out of unemployment, with 44 per cent of respondents stating that they accepted a job with lower pay.
Tony Martin, Right Management general manager, says: "A slowing job market is always worrying news for employees, and as the UK enters a period of economic uncertainty we can expect more redundancies in the coming year."
He added that, despite the immediate forecast, he expects to the long-term outlook to be more positive for the market.