Report: Labour Market Outlook
The UK labour market remains buoyant, however basic pay award expectations for the next 12 months persist at just 1%, according to the latest Chartered Institute of Personnel and Development (CIPD) Labour Market Outlook report.
- Political uncertainties have not translated into a slowdown in hiring intentions.
- The report demonstrates a rise in the number of employers that are expecting to increase staff levels in Q3 of 2017.
- There is an ongoing concern about weak wage growth, so employers need to be mindful of productivity levels to combat this.
- The uncertainty around Brexit is still a factor for the UK and its labour market. Employers can start to prepare now by monitoring the situation, mapping their workforce and potential future issues, and putting adequate recruitment and retention contingency plans in place.
The CIPD's quarterly Labour Market Outlook in partnership with The Adecco Group is based on a survey of more than 1,000 employers.