Great Britain: the private sector is hiring but needs more talent

Recruitment picks up.  For this study, PricewaterhouseCoopers (PwC) interviewed the human resources managers of 1,100 businesses in Europe and in the US.  Recruitment forecasts in 2011 are twice as high as for 2010: 28% of surveyed by the consultant firm said they would recruit, as opposed to 13% last year.  Meanwhile, the amount of planned layoffs went from 43% last year down to 16%.  These are encouraging for the labor market and suggest that the private sector may be able to absorb workers from the public sector who will bear the brunt of the government’s budget cuts.  Demand will be particularly high in services, technology and manufacturing.
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2010: 28% of surveyed by the consultant firm said they would recruit, as opposed to 13% last year. Meanwhile, the amount of planned layoffs went from 43% last year down to 16%. These are encouraging for the labor market and suggest that the private sector may be able to absorb workers from the public sector who will bear the brunt of the government’s budget cuts. Demand will be particularly high in services, technology and manufacturing.

Talent shortage. However, what employers mostly...

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