Labour Market Outlook
The Adecco Group UK&I has joined forces with the CIPD (Chartered Institute of Personnel and Development) to produce the CIPD/the Adecco Group Labour Market Outlook (LMO). The LMO is a quarterly report providing analysis and commentary on key employment trends.
Our partnership with the CIPD supports our aim to provide fresh insight and deeper understanding into workforce management and recruitment challenges by building strategic links with professional organisations and academic bodies. The LMO is one of the most authoritative employment indicators in the UK. Information about survey methodology can be found in the reports.
About the CIPD
The CIPD is the professional body for HR and people development. The not-for-profit organisation champions better work and working lives and has been setting the benchmark for excellence in people and organisation development for more than 100 years. It has more than 140,000 members across the world, provides thought leadership through independent research on the world of work, and offers professional training and accreditation for those working in HR and learning and development.
The CIPD/the Adecco Group Labour Market Outlook (LMO), Autumn 2018 Report
This report shows the overall NEB (the difference between intentions to increase and decrease staff numbers) at +22 (slightly down from +23 in the summer 2018 report).
Broken down by sector, the NEB for the private sector is +26 (the same as the previous report), + 7 in the public sector (down from +12 in the summer 2018 report), and +29 in the voluntary sector (up from +18 in the previous report).
2% is the median average basic pay increase expectation for September 2018-September 2019. This has been relatively similar for the last five quarters.
The data we see in the report, alongside what we hear from our recruitment professionals, is telling us that there is a disconnect between what employers intend to pay, and what they actually end up paying to remain competitive. Read our foreword in the report below for insights on managing attraction and retention challenges.