Spending Review 2010 – Impact on Jobs, Employment, Construction and East Anglia

The long awaited comprehensive spending review was revealed by Chancellor George Osborne in October as he announced the government's four-year Spending Review to Parliament. He reveals some of the deepest cuts in public spending in decades, here Technical Moves – Specialist recruitment look at the likely effect on Recruitment, Jobs and Employment for East Anglia.

The key announcements likely to effect Recruitment, Jobs, Employment and Construction projects in East Anglia are as follows:

  • About 490,000 public sector jobs likely to be lost
  • Average 19% four-year cut in departmental budgets
  • Structural deficiency to be eliminated by 2015
  • £ 7bn in additional welfare budget cuts
  • Police funding cut by 4% a year
  • Retirement age to rise from 65 to 66 by 2020
  • English schools budget protected; £ 2bn extra for social care
  • NHS budget in England to rise every year until 2015
  • Regulated rail fares to rise 3% above inflation
  • Bank levy to be made permanent

Technical Moves – Specialist Recruitment comment:

"The Chancellor detailed a number of announcements that we feel will have a direct impact on recruitment, the construction industry and jobs within East Anglia as a region.

* Almost £ 10 billion of funding will be available for new schools capital projects over the next four financial years

* The Chancellor has committed to invest £ 30 billion in UK transport projects over the next four years and keep the green light to a number of projects in the process including the final dualing of the A11 in Norfolk. As has already been significantly documented the A14 project has not been given the go ahead and will have a major impact on future growth plans for Cambridgeshire.

* The Social housing budget has been slashed and has been allocated £ 4.4 bn of capital resources which the Chancellor said would build "up to" 150,000 new affordable homes of the next four years

* Construction capital spending is likely to fall by £ 3.5bn which is less than the industry had been bracing itself for.

The Jobs market within East Anglia, particularly for Architecture, Civil Engineering and Construction have already affected by the economic downturn but we feel that it is important that structural deficiency is addressed immediately. The true impact of the governments plans on recruitment and jobs within this region will not be truly seen for at least two years when we will have a clear picture on if the balance has been correct. Only then will be able to see if the private sector has been able to take up the slack within the employment sector and generated news to replace the cuts to the public sector. "

Classified Advertising – Online vs. In Print

The downhill slide of daily journalism began decades ago, when television introduced nightly news programs on both a national and local level. That decline, however, has been radically accelerated by the advent of online classified advertising. Craigslist has probably been the most important development for local classified advertising. This simple, unadorned website provides free listings for most of its classifieds, selling only placements for job opportunities.

Classifieds have always been the bread and butter for newspapers, providing the lion’s share of black ink. Yet by three years ago, Craigslist had become a principal local resource for job recruiters. Research organization Classified Intelligence reported two years ago that Craigslist costs the San Francisco Bay Area’s traditional newspapers, and their online divisions, between $50 and $65 million annually in revenues from employment ads alone.

According to the study, Craigslist had 12,200 active job listings on its San Francisco site the week of November 21, 2004. In contrast, the San Francisco Chronicle had 1,500; the Oakland Tribune had 734; the San Jose Mercury News had an estimated 1,700; and the Contra Costa Times had around 1,000. The average recruiting ad in a metro Bay Area daily cost $700 in 2004: on Craigslist it cost $75.

That’s a local snapshot. The same is occurring at a national level, also in the critical area of job recruiting. Careerbuilder.com is the largest job search and recruitment site in the country – it is also owned by a partnership of the Gannett, McClatchy and Tribune newspaper conglomerates. Monster.com defined the art of national job recruiting. There are also elaborate online executive recruiting services that mix the traditional personal touch with digital resume files and client searches.

By 2003, online classifieds had nearly matched the newsprint business in classified revenue. In that year, the market for classified ads in the United States was $15.9 billion (newspapers) and $14.1 billion (online), again according to Classified Intelligence.

There is a widespread belief that the online classifieds are more effective with younger people and the more in-depth advertising probably belongs in print. JupiterResearch, another online ad research firm, says that a lot of people research cars online, for example, because it’s a great price-check resource. Jupiter goes on to say that only 1 in 10 will shop for cars on the Internet. This analytical point overlooks the fact, however, that many people who do their auto shopping with shoe leather are going to dealers that they may have selected online.

The tools for online classifieds provide easy shopping methods and, generally, more information on the sales item. Photos are easily included as well. The trend is expected to continue in all advertising formats, but especially in the classified arena. In Jupiter Research’s “U.S. Local Online Advertising Forecast, 2005 to 2010,” the forecast is that spending in the U.S. for online local advertising will grow at an annual compounded rate of 11 percent, or from 2005 to 2010. Seventy percent of that revenue will come from classifieds.

A reflection of the trend at the national level is that one of the primary reasons for Google’s $500-per-share stock valuation is the fact that their business model garnered them over $9 billion in revenue in 2006. The preponderance of that money was generated by text based classified advertising, developed through partnerships or through the sale of keyword placements.

Readership for traditional dailies does skew to the older generation, especially now that job recruiting has become such an effective online function. But even with high-end, family oriented purchases such as homes, online advertising often outshines its printed counterpart. The real estate sales bible, the Multiple Listing Service (MLS) is readily available to consumers online – for the first time. The major brokerage chains all have national sites and nearly all local brokers use the web as well.

Fast Construction Bridge Loans Explained

First lets look at what construction bridge loans are and what you need to look out for when shopping around. One of the main factors is the cost plus whatever the finance can fix your property problem.

Let us now explore various times when you may need a business bridge loan. Below are some bridging loan examples.

Situation 1 – Purchasing a property at auction – With land and property auctions it is normal that transfers of funds take place very shortly after an auction ends. If you have no commercial mortgage or loan in place then bridging finance is a perfect short term solution.

Situation 2 – Venture capital – Many entrepreneurs us this type of credit to take advantage of deals where money is needed now not in a couple of weeks. Because of the speed that these loans can be arranged in they are perfect for this type of application.

Situation 3 – Any legal reason – If you have another use for commercial, domestic or any reason whatever then you’ll be glad to know that you can use this type of credit for any reason provided that it is legal.

Many people do not apply for construction bridge loans because they expect to be rejected, or have already been turned down by their bank or building society. You may be surprised although as we can accept applications from applicants with County Court Judgments.

One of the main concerns for people is the cost, however for a loan for the total amount of £ 100000 at a rate of 1% per month would cost you £ 1000 for a 1 month period. However rates can be offered at lower or higher rates.

For more information and many more articles visit Bridge Loans

How to Start a Successful Online Business With Branding and Web Design

The development of your website design is the most important phase of your marketing strategy to establish your best possible market position. Without a strong and constructive design you will fail to reach the right potential customers which you need to achieve your business goals. The development phase of a website consists of several important parts that include:

• Creating the raw site and a final review of the website design

• Personal and company branding

• Development of specific e-commerce business divisions

• Testing, tweaking, testing, tracking

• Taking your website live

• Refining of website and processes

There are several main steps you need to pass before you can go live with your website and online business.

Website development

Develop a web presence that is based on your business branding and design. The combination of these three elements will reinforce your online business strength and help you to secure a good place within the e-commerce community.

E-commerce development

A constructive and easy e-commerce experience is significant for capturing the confidence and self-assurance of your customers. This includes all aspects of e-commerce: product database, product display, security, and shopping cart. Use only the best tools as this is the heart of your online activity and for success.

Marketing strategy

Marketing requires a strong and solid development phase which will allow you to launch your online business with success from the first moment. The development phase of your business strategy should be as meticulous as possible before you go live with your website. The more safe and sound the multiple divisions of your site and company existence are, the more success you will maintain. If your business is just new on the market, be proud and honest but promise only what you really can deliver.

Business Design

Developing a design for your business that augments your image and reinforces your web presence is a very critical point for the success of your business. Your aim is to create a design for your company that you can use across the board:

- advertising

- branding

- e-commerce

-distinction from competition

The final result of this design procedure is the highest possible level of transition between all facets of exposure of your company to your customers. You want a design that is outstanding and recognizable, and that suggests confidence, quality, reliance and ethic behaviour to your customers.

There are three main points that you need to build up in order to accomplish this:

• Logo and company identity

• A revealing, simple to navigate web design

• Successful e-commerce experience for your customers

Create a simple, uncomplicated and crisp design for ease of recognition. Your design should be daring and clear-cut about the statement you want to make yet simple enough to lure customers to involve themselves in your web pages.

Further, the design of your company should be completely interactive linking the visual communication with your customers and your web presence. Design is all about reaching your customers and interacting with them in a way that gets their attention so they do not forget who you are and what your products or services are.

Also please keep in mind these important points:

1) Have clear and accurate goals

2) Communicate what it is that your company stands for

3) Have a mission statement that is strong and definite

4) Be single-minded and unvarying in the way you deal with your customers

5) Remember that branding is all about reaching your customers

6) Stay in regular contact with your customers

The bottom line is that a well thought of business strategy and a good company branding allows you to sell your products or services to customers in a way that makes you stand out from the crowd of competitors.

Your Online Image

The individuality of your company will be a blend of many things, such as the facts of your business, the aims of your business, the style of advertising that you choose to use, and the history of your business. You definitively want to leave an affirmative and lasting impression on to the online public and your potential customers.

Conclusion

Whether you are just starting a new business, or currently have one, it is important that you continue to generate continual business growth. With the right focus on the growth of your online business, no matter how successful you already are, you guarantee future profits, further expansion, and continued achievement. Build your customer database steadily, research your target market regularly, deliver what you promise, have a clear and definite business plan, and finally advertise to reach your customers. Value your customers the highest!