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News - 13 March 2014

Floods give jobs market 'unexpected boost'

The recruitment firm Manpower suggests that the recent bad weather and subsequent flooding has given the jobs market an "unexpected boost" as new staff are hired to cope with the clean-up.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“Manpower estimates that the repair work could be worth about £250m to the construction industry alone and that energy firms have also hired more staff to restore power to homes affected by the bad weather. Infact all sections of the economy could benefit.”

Manpower Group's UK managing director, Mark Cahill, said that all sectors of the Uk job market intend to hire more staff.
"The UK jobs market has reached a turning point. At last we can confidently say that the jobs market is starting to fire on all cylinders."

According to survey responses from employers in the construction industry, more are planning to hire extra staff than decrease numbers. They believe the government's Help to Buy scheme is partly to thank, but that the bad weather could also be responsible.

"With over 6,000 properties flooded, and an average repair bill of £30,000-£40,000, the beneficiaries of all this extra work will be builders who are already being called in to repair homes," Mr Cahill added.

If you need any help and advice for your business on the implications of central and local Government Funding initiatives and the construction industry, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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