When I read the title I was thinking Oh No, not again but unfortunately it seems the info in the article is incomplete to show there is a hiring squeeze.
Lets look at the figures.
– 35% decrease in public sector work
– 19% growth in private sector work
Private sector work represents 78% of fees. This means Public sector represents 22% of fees.
250 000 candidates placed
If there is 19% growth in the sector where 78% of your fees come from but a 35% in the sector 22% of your fees come from then in net terms that looks about break even.
Lets assume we don’t make a distinction between temp and permanent jobs (I know its a big one but stick with me)
This would give a total of 250000 jobs equalling 55000 public sector jobs and 195000 private sector jobs.
If you increase one with 35% and decrease the other one with 19% voila a net increase in jobs. Hardly a squeeze.
But unfortunately the relationship between fees and number of jobs in each sector is not given so the information needed to support the “shocking” headline is absent, so I guess the title is still valid but without proof. The job market has been battered by bad news but it’s time to read behind the titles!
Career Coaching @ careerjourney.co.uk