Not that likely if you have been listening to the news or reading the papers over the festive period. The Chartered Institute of Personnel and Development predicts at least 600,000 job losses, The Centre for Economics and Business Research predicts the economy will shrink by 2.9% in 2009 and the Royal Institution of Chartered Surveyors thinks house prices will ‘probably’ fall another 10% by the end of next year. Woolworths is whimpering, Whittards of Chelsea is waning and Adams is at lunch with the administrators. So what will get the economy, the job market and the recruitment industry back on track and how long will it take?
Well I wouldn’t worry too much. There is an inescapable herd mentality to human nature and that is a big factor in the headlines we are reading and watching. If the front page of a news paper had predicted this time last year that the entire banking system would go bust and need to be bailed out by government, house prices would tumble, one pound would buy you only just about buy you one euro and oil would drop to under $40, then surely the Editor would have been branded crazy or worst and sacked. You see the herd always catches up too late. Those that have the balls to buck the trend will often laugh loudest and longest. Am I saying that 2009 will be the start of the economic revival? ‘Probably’ not, but it will be those recruitment agencies that don’t think it is too late for business development, those recruitment consultancies that keep on calling, that keep on innovating and keep on looking to buck the trend that will weather the economic storm best.


