As a result, the government has doubled the army of so-called work coaches who help people receiving unemployment benefits find jobs. It hired 13,500 coaches, a greater force than was marshalled after the 2008 Great Recession.
in the end, Fallout was not so serious. The unemployment rate peaked at 5.2% in December and is now at 4.7% after HM Treasury extended its severance program.
“This was a very quick recovery,” said Dan Taylor, managing director of Morgan Hunt, a recruiting company that helps perform jobs primarily in about 600 organizations in the public sector.
Within six months, Taylor said, “I had a hard time finding a job for a candidate registered with us, but I couldn’t find a staff member with the specific skills and experience I needed. It is now. ” “I’ve never seen anything move so fast.”
Last month, Bank of England Governor Andrew Bailey highlighted the changing challenges facing the country. “The challenge of avoiding a surge in unemployment has been superseded by the challenge of ensuring a flow of work to work,” he said. “This is a serious challenge.”
Some industries are trying to get out of this problem. Truck, warehousing, and logistics companies offer bonuses of up to £ 5,000 to those who are ready to go.
When Morgan Hunt helped a public housing organization hire senior firefighters for a salary of £ 90,000, the two worked until the department chain stormed them after offering a much higher salary. Was ready to accept. Taylor said. If you are reluctant to hire inexperienced staff, it creates a challenge because it is difficult to quickly expand the pool of highly skilled job candidates.