CIPD Labour Market Outlook

This quarter’s CIPD Labour Market Outlook report reveals that employer confidence, signified by the net employment balance, is at its lowest on record outside the pandemic and that hiring activity is slowing, while redundancy intentions have risen to their highest level in a decade, with the private sector hit particularly hard. Rising employment costs, driven by National Insurance contribution increases are forcing many businesses to rethink their workforce strategies, scale back on recruitment and reduce investment in business growth and training. The report concludes by setting key recommendations for employers and people practitioners to inform their workforce planning and strategic decision-making.