The 'millennium factor' is fuelling a dramatic surge in recruitment activity, with an increase of almost 40% in blue-chip company recruitment compared to the same time last year, according to research by FSS Financial. The dramatic increase in recruitment activity, in what is traditionally a quiet period, has been driven by a 35% increase in candidates coming into the recruitment market in order to make a fresh start after the millennium. And with the majority of Y2K projects and systems upgrades now completed, new projects that were previously sidelined are in the planning stages to be executed in the first quarter of next year. As a result there is an unprecedented increase in both the supply and demand of good candidates, said FSS. 'We were expecting the last quarter of 1999 to be particularly quiet in the recruitment market, but in fact we are finding the opposite is true,' said Katie Davison, director of the financial recruitment specialist. 'This situation has been turned on its head by the "millennium factor" with a substantial increase in the number of candidates making themselves available so that the year 2000 represents a fresh start for their career as well.' The biggest increase in the availability of candidates was among part-qualified accountants (51%) while there was a 24% increase in experienced candidates assessing their next career move.
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