Freeing up Cash Flow Could Revive Job Market

2nd March 2018. 

Despite recent reports of growing unemployment, British companies have begun to hire new staff, indicating that the UK jobs market is returning to strength.

Employers still hire with caution, motivated by Brexit uncertainty and various economic conditions, particularly within the capital. Recruitment company, Robert Waters has seen recent prosperity within their UK division, where its incomings jumped by 16 percent to £100.9 million. This is not a clear illustration of the job market however as fellow recruiters Hays and Page Groups both have reported a slowdown in their services, suggesting fewer numbers of people are actively searching for work. Ultimately, it is a murky picture for the Uk, with some workers more inclined to move jobs than others. Businesses can encourage prospective employees just as easily as they can discourage workers from jumping ship. Attention to cash flow can open up opportunities that would not only aid their business but also strengthen their workforce and connections within.

At the Credit Protection Association, our job is to help our business members improve their prospects. One of the easiest ways to through our debt recovery services, where we will free up cash flow and allow our members to filter money back into their business. Many of our members have used our services to strengthen their recruitment processes, jumpstart management and training programmes and even just improve the break room in their office to encourage employee satisfaction. At the very least, tuck some money away to prepare your business for any changes within the workforce.

But Robert Walters, the company’s eponymous chief executive, said the UK economy was performing “quite well” and that people were more inclined to make a change.

“We’re certainly seeing people say that they have been unhappy in their job for a while now and they really want to move,” he said.

While certain sectors such as construction and engineering are still suffering from a skills shortage, certain moves such as the apprenticeship levy are attempting to jumpstart the job market.

The UK economy is on very shaky ground. While it has not crumbled yet, rising inflation and interest rates as well as a stalled consumer market, are picking away at its foundation. Unemployment was at a record-low until its recent clambering to the surface, but what these new figures from Robert Walters show, is that the job market is not in pieces just yet. People are still looking for a job, and some are still happily employed. To ensure this is encouraged, the responsibility falls on the employers.

By acquiring our services at CPA, employers have the capability to hire more staff as well as the cash to improve their current workplace.  Keep your business happy by keeping your employees happy, and vice versa. We have a range of products from credit management through to debt collection, to get your business thriving. Get in contact with the details below!

The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!

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