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Recruiters are hopeful rather than optimistic following yesterday’s cut in interest rates.

The Bank of England has cut interest rates to their lowest levels ever. Recruiter went back to the three recruiters who were cautiously optimistic after the last cut in December.

Job vacancies for students graduating this summer have fallen by almost a fifth – and most have already been filled, according to a new report.

Market research firm High Fliers said many employers started scaling back graduate recruitment plans a year ago, and half had downgraded their targets for this year.

Headcount reductions in the first half of the year will be broader and deeper in the UK than those made last year, but skill shortages will continue to exist, according to a survey of HR decision makers by global recruiter Randstad.

Among the findings were:

The Isle of Man government’s Department of Trade and Industry (DTI) has launched a free, online social network to encourage Manx-born workers to return to the island.

Education agency Connex Education has launched what it believes to be the UK’s first and only education-specific recruitment process outsourcing (RPO) offering with its vendor neutral VMS (vendor managed solution).

Recruiters who spend a lot of time, effort and money on tendering for a scrapped framework agreement will not have to start all over again when tendering for the replacement framework agreement, NHS Purchasing and Supply Agency (PASA) has told Recruiter.

Faces recruitment & consultancy opened its doors this week, led by Steve Walters, who previously operated a retail recruitment franchise under the multi-sector Blue Monday banner.

The firm will recruit retail professionals at all levels, from the shop floor up to senior management.

The Association of Labour Providers (ALP) has urged government to rethink its last-minute decision to preserve the Worker Registration Scheme, under which workers from eight EU members have to pay a £90 fee when they start work in the UK.
 

Employee retention promises to be one of the key challenges this year for the UK arms of global technology companies Bosch and LG Electronics, according to the companies’ human resources directors.

The Chancellor’s cut in VAT has had no long term effect on the retail sector, recruiters say.

The Centre for Economics and Business Research (CEBR) has claimed that Alistair Darling’s temporary cut in VAT has succeeded, according to a report by the economics consultancy.

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