Missed Opportunities

by greig 28 September 2009 13:06

It's expected that the Government are about to extend the car scrappage scheme or 'cash for clangers' as it was known in the US. It pays £2,000 to car buyers who trade in a car over ten years old when buying a new car. It's helped boost car sales at the same time as removing less efficient vehicles off the road at a time when we need to more environmentally aware.

It's a shame the Government could have been so innovative in other areas. Take for example the VAT cut. It knocked 18p off the price of a CD and a fiver of the cost of your average telly. Yet at a £12.5bn cost to the Government it'll cost your average tax payer over £300.

That's enough money to give business startup grants to over half a million entrepreneurs. A good number of these businesses will fail (there's evidence to show business failures are average during a recession). But many will go on to grow and create new jobs, pay taxes and innovate.

We need to get beyond this big business mentality. Brand names add kudos but the reality is the engine of UK plc is the small business. It's not the businesses who employ thousands. It's not the names in the news and it's not the £bn profit announcements we hear. 

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Talent Shortage in a Recession

by greig 4 September 2009 12:26
It may seem a strange thought with all the talk of unemployment and a market flooded with candidates but we're at the start of a talent shortage.

Take for example the power generation market. By 2016 35% of current power stations will have been turned off to meet European emissions standards. Others need work to bring them up to scratch. Add on top of that rising demand for power and the prospect of electric vehicles and there's a lot of work needs to be done to make sure the lights stay on.

But it's difficult to recruit power generation professionals. True the recession has seen lowered demand but it's still not easy. Engineering graduate numbers remain low and with employers keeping an eye on graduate recruitment costs it limits the number of experienced workers further down the line. The security requirements surrounding nuclear work make the task even more difficult. Add to that numbers looking to retire and the talent pool diminishes further. 

The same perfect recruitment storm is lining up over a number of professions. Graduate numbers in certain sectors remain low. Employers cut back graduate schemes. Five years down the line it becomes even more difficult to find experienced talent.

Social workers, IT security experts, electrical engineers, chefs, environmental engineers, midwives, energy consultants, the list goes on. This is where the challenges and rewards in recruitment will lie.

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