• Monster buys into CareerOne
  AP reported Monster, the US based job board, bought 50% of CareerOne. It added, both the Monster and CareerOne brands will continue to operate. SEEK’s initial response.
• Government cuts IT staff
  The government accepted the recommendations of Gershon Report, which suggested, among other things, a 50% reduction in the number of IT contractors. The recruitment industry is skeptical about the government’s ability to achieve the report recommendations. Regardless, recruiters must innovate to survive the downturn. 
   
• Job vacancies continues to plummet
  The demand for skilled workers continue to fall, as OECD predicts a 6% unemployment rate. IT industry unlikely to suffer the same fate as others sectors.

• SMEs hires staff based on ‘looks’
  In a somewhat baffling finding, Gumtree reported 46% of SMEs in the UK hired staff based on ‘looks’.

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