Jun 8 2009

So security is either healthcare; the public sector; education or debt management

“A feature of the current recession is that it is affecting white-collar workers at least as much as, and probably slightly more than, less-skilled workers,” said James Derbyshire, an economist at Cambridge Econometrics. “By comparison, job losses in the previous two recessions were more confined to lower-skilled occupations.”

cambridge_econometrics_logo“It’s typically those who are normally making decisions about who else will be made redundant who are now victims themselves,” said Corinne Mills, managing director of career advice at Monster.co.uk. Many have held jobs securely for 20 years, and are not prepared to hunt for new employment. “These are people who have not had to look for work before.”

However, there are some areas of the jobs market that seem to be holding up better. Healthcare and education jobs – and jobs in the public sector generally – have been much more reliable. The ONS figures show that the rise in the total number of senior government officials – including politicians, civil servants and diplomats – on the dole is one of the lowest for any occupation. Those who are geared up to help mop up after the credit crisis are also in demand.”

“Human resources professionals are being kept on to deal with all the redundancies, while “risk, compliance, audit and credit control are all still in demand”, said Tim Cook, managing director at Hays recruitment consulting. “Debt recovery teams are doing extremely well.”

….. reports from the FT

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