Local recruitment specialist Shelley Kendrick says confidence has returned to the Jersey jobs market. After tracking movements since the beginning of the economic downturn, she reports a long-awaited return to the ‘employees market’ and an optimistic outlook for 2014.
An influx of new hires in the market in the second half of 2013, and the creation of new roles for people at senior level, have triggering the shift. Kendrick Rose has witnessed an upturn in candidates searching for alternatives and a revised confidence in testing the market. The industry is now experiencing positive growth, particularly in the areas of private equity, real estate fund administration and legal vacancies.
Shelley Kendrick, Director and Founder of Kendrick Rose, says: ‘Businesses have begun to settle again in Jersey following the upheaval of the last few years. It has taken a while for companies to re-align their strategic direction but confidence is now returning. We have seen a number of new roles created, particularly at senior level. Additionally, candidates have become more confident in seeking out new employment opportunities.’
Businesses seeking alternative revenue streams have also aided the market revitalisation. Shelley explains: ‘A number of local businesses are now in the right position to diversify and they are looking for key players who demonstrate real business acumen to fulfil these roles. This has all brought much-needed movement to the local market.’
Employment specialists have also noticed an evolution in the recruitment process. The economic climate has encouraged local businesses to be more cost effective and stringent in their hires. Shelley says: ‘Employers are adopting a range of interview techniques, often incorporating psychometric ability testing and personality profiling to ensure that they are getting the right person for the role. This is a positive development locally and will lead to well-considered work forces and stronger placements. We are now experiencing positive changes for both employees and employers and if this continues 2014 will be a prosperous year for Jersey business.’