Debt collector vacancies soaring as jobs market displays signs of recovery in wake of pandemic

The number of job adverts for debt collectors has soared by 20 per cent as the employment market shows signs of a slow recovery.

The Recruitment and Employment Confederation (REC) said adverts in the first week of August rose to the highest weekly total since the lockdown began with hiring hotspots in London and Northern Ireland.

There were 1.1 million jobs available in the week starting August 3, up from 1.04 million the previous week, although this remains well below the 1.35 million before the first week of March, said the report.

The highest number of new job postings since lockdown began appeared last week, with almost 126,000 adverts between August 3 and 9.

There has been a “notable” hike in vacancies for gardeners, construction workers, painters and decorators, bricklayers and LGV drivers, and the marked increase in adverts for debt collectors, said the report.

Neil Carberry, chief executive of REC, said: “The latest economic data tell a stark story of the scale of the lockdown recession, but now it is all about how quickly we recover.

“Many firms will face cash struggles in September and October, so redundancies will be with us for months to come and unemployment will rise, but a recovery is underway.

“Construction sites have reopened, logistics companies are dealing with high demand, and with people spending more time at home, many have been looking to spruce up their house and gardens.”

A separate report by logistics firm One World Express found that half of businesses have changed the way they deliver products and services because of the pandemic.

Over a third of 500 firms surveyed said businesses in their supply chain have closed since March, forcing them to source new partners.

Half of respondents expressed confidence that their turnover will grow in the second half of 2020.

Atul Bhakta, chief executive of One World Express, said: “The coronavirus pandemic has been both damaging and challenging for the UK’s private sector, but that is not to say it has not also presented opportunities too.

“The research highlights how Covid-19 has forced businesses to re-evaluate their business models and supply chains, in turn enabling them to make improvements to the way they operate.

“Most importantly, there is a palpable sense of optimism coming from business leaders – the majority are confident that their company will experience a positive second half of the year, which comes in stark contrast to the doom and gloom of just three months ago.”

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