Corporate manslaughter bill "offers nothing different"

News Article - 24 May 2012
Category: Business

A recent survey indicated that over half of companies in the private sector will not look to employ public sector workers who have recently been made redundant.

The long term future of unemployed public sector workers looks bleak with many private businesses suggesting they do not have the necessary skills sets for their organisations.

Over half of the 500 businesses surveyed as part of the Barclays Corporate and the Financial Times' study revealed they planned to create new jobs this year. However, 75 per cent of firms also highlighted that they did not think they would create enough positions to plug the gaping hole left by public sector job losses.

This latest news will surely alarm both the Government and the thousands of employees in the public sector who were counting on the private sector to offset the numerous job cuts that are expected to occur throughout the year.

Experts in the UK manufacturing industry admit that many manufacturers are particularly loathed to take on ex-public sector employees for manual roles.

Graeme Allinson, head of manufacturing at Barclays Corporate, said: "The survey highlights that in some areas of UK manufacturing there is a real aversion to hiring public sector workers, but with the current growth in the sector we see a huge opportunity for manufacturers to bring new people into the industry that may not have considered a career in manufacturing before.

"With the right training this could also begin to address the skill shortages still apparent in some manufacturing subsectors."

At present the unemployment rate stands at 7.9 per cent with a record high 20.5 per cent of unemployed youths. Prime Minister David Cameron touched upon the issue of rising unemployment rates admitting that it was "a matter of great regret."

As many private sector companies source new employees with ideal skill sets the importance of a streamlined HR solution is greater than ever. Access HR software can be used as a standalone service or fully integrated with our additional payroll software to support businesses through every aspect of the employee life cycle.

For more information, please call Access on 0845 345 3300.

Article keywords: Barclays Corporate, Financial Times, unemployment, public sector workers, Access HR software, payroll software, employee life cycle

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