Labour Market Outlook
The Adecco Group UK&I has joined forces with the Chartered Institute of Personnel and Development (the CIPD) to produce the Labour Market Outlook, a quarterly report providing analysis and commentary on key employment trends. The partnership supports The Adecco Group’s aim of providing fresh insight and deeper understanding on the workforce management and recruitment challenges facing our customers and the wider business community by building strategic links with professional organisations and academic bodies.
The Labour Market Outlook is one of the most authoritative employment indicators in the UK. The report is based on a survey of more than 1,000 HR professionals and employers, many of whom are drawn from the CIPD’s membership of over 140,000 HR and development professionals.
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 latest CIPD Labour Market Outlook in partnership with The Adecco Group report (LMO), Spring 2017
This report shows that the demand for labour in Q2 2017 will remain strong, and that the number of vacancies in the UK remains well above historical average levels. The market is, however, becoming increasingly constrained by a lack of supply. Where employers struggle to fill their vacancies, the report finds that a lack of skills or experience amongst applicants is the main reason for their recruitment difficulties. The LMO also reports that median pay expectations have hit a three and a half year low, with subdued pay projections of just 1% and rising inflation heightening fears of a fall in living standards.
- 68% of organisations are planning to recruit employees in Q2.
- Recruitment activity in Q2 anticipated to be strongest in healthcare (78%), and public administration and defence (75%), which is primarily due to the size effects of the NHS, local government and central government organisations.
- Unemployment recently hit a 42-year low.
- 12% of private sector firms say the UK’s decision to leave the EU has led them to consider relocation of some or all of their business operations abroad.