LABOUR MARKET OUTLOOK VIEWS FROM EMPLOYERS
|
|
- Bernard Bennett
- 7 years ago
- Views:
Transcription
1 LABOUR MARKET OUTLOOK VIEWS FROM EMPLOYERS Spring 215
2 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 1 years. It has more than 135, 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.
3 Labour Market Outlook Spring 215 Contents Foreword 2 1 Recruitment and redundancy outlook 3 2 Pay outlook 9 Sample and method 17 References 2 cipd.co.uk/labourmarketoutlook 1
4 Foreword The quarterly CIPD Labour Market Outlook (LMO) provides a set of forward-looking labour market indicators, highlighting employers recruitment, redundancy and pay intentions. The survey is based on responses from 1,13 employers, many of whom are drawn from the CIPD s membership of more than 1, professionals. The latest report shows that nearterm employment prospects remain buoyant. This quarter s net employment balance which measures the difference between the proportion of employers who expect to increase staff levels and those who expect to decrease staff levels in the second quarter of 215 has increased to +25 from +24 since the winter 214/15 report (Figure 1). Private sector firms continue to be driving much of the predicted growth in employment prospects (+37). At the same time, employment confidence in the manufacturing and production sector has increased to +51 from +28. However, consistent with the most recent official GDP figures, which showed a slowing in the rate of growth in the service sector, employment confidence in the services sector has fallen to +31 from +38 since the LMO winter 214/15 report. Indeed, the recent fall in economic growth and the continued subdued productivity growth may partly explain why wage settlement expectations have fallen over the past three months. The median basic pay award in the 12 months to March 216 decreased from 2% to 1.8%. This modest fall is also consistent with other survey indicators (EEF, Xpert HR) and the most recent official statistics, which showed that basic pay rose by 1.8% in the three months to February 215 compared with a year earlier. Public sector organisations predictions of median pay increases of 1% will continue to lag behind those in the private (2%) and voluntary sectors (1.4%). On the upside, half of employers predict awarding basic pay increases of 2% or more in the 12 months to March 216. Evidence from this report suggests that affordability, which is inextricably linked to productivity growth, and pay restraint in the public sector are the two main reasons why pay remains weak. In addition, around a quarter of private sector employers who say they cannot meet the Bank of England s inflation rate target of 2% cite no recruitment and retention pressures. This suggests that while some employers may be experiencing labour or skill shortages that are reported in other surveys, other employers have some degree of labour market slack. This tale of two workforces is also reflected in the distribution of pay awards. More than a third of organisations froze basic pay in the 12 months to March 215, while a slightly higher proportion (41%) gave a basic pay award of 2% or more. Overall, in a continuation of recent trends, the data suggest that the labour market will continue to strengthen in the second quarter of 215, but with more modest wage growth than three months ago. 2 cipd.co.uk/labourmarketoutlook
5 Labour Market Outlook Spring Recruitment and redundancy outlook What is the short-term employment outlook? This section focuses on the recruitment and redundancy intentions of LMO employers in the second quarter of 215. The latest report suggests that employment confidence will remain strong over the next three months, although confidence is lower than the high recorded six months ago for the fourth quarter of 214. This quarter s net employment balance which measures the difference between the proportion of employers who expect to increase staff levels and those who expect to decrease staff levels is +25. This is broadly consistent with the winter (+24) and the autumn 214 (+) reports (Figure 1). Meanwhile, public sector employers expect a more modest employment contraction in Q2 compared with Q1. Employment expectations in the public sector have risen to 12 from 21 over the past three months. The proportion of public sector employers that plan to reduce their workforce in Q2 215 has fallen to 31% from 38%. Consistent with previous reports, employment intentions are lowest among public administration and defence organisations ( 23) (Table 1). Overall, employment growth will be more buoyant in the south (+32) compared with the north (+16) of England. 1 Additionally, SME employers (+45) are more positive about their employment prospects than larger employers (+17). Southern England +32 Northern England +16 Employment growth will be more buoyant in the south (+32) compared with the north (+16) of England. Private sector firms continue to be driving much of the predicted growth in employment prospects (+37) in Q2, with over half (+51) planning to increase their workforce during the same period. In a reversal of recent trends, employment confidence has risen to +51 from +28 in the manufacturing and production sector compared with the previous report. At the same time, employment growth in the private services sector has decreased to +31 from +38 during the same period. This is broadly consistent with the most recent ONS GDP figures, which showed that growth in the services sector fell from.9% to.5% in Q Sample sizes are too small for Wales, Scotland and Northern Ireland. cipd.co.uk/labourmarketoutlook 3
6 How to interpret Figure 1 Figure 1 displays the LMO net employment indicator time series data since spring 29 (the black line). Alongside this is the comparator net employment outlook score from the Manpower Employment Outlook (the red line). The columns display the trends in official ONS employment levels. The LMO net employment outlook is a forward-looking indicator of how employers feel employment levels will change over the next three months. The corresponding ONS unemployment and employment level is added to replicate this timeframe and show what actually happened to unemployment and employment levels over the same time period. Therefore, the ONS data for April to June will be added alongside the data in the next report to show how unemployment and employment levels will have changed in line with the LMO net employment forecast made in this wave. Figure 1 Correlation between LFS employment levels and LMO data 2 (%) Millions Number of people employed Manpower EO CIPD LMO net % points Spring 9 Autumn 9 Spring 1 Autumn 1 Spring 11 Autumn 11 Spring 12 Autumn 12 Spring 13 Autumn 13 Spring 14 Base: Spring 215, all LMO employers likely to recruit or make redundancies in the next quarter (n=728) 2 Labour Force Survey data taken at quarterly intervals based on GB population aged 16+. Spring (February April), summer (May July), autumn (September November), winter (November January). 4 cipd.co.uk/labourmarketoutlook
7 Labour Market Outlook Spring 215 Figure 2 Overall effect of recruiting new staff and/or making redundancies, next three months by sector (%) net % points Public sector Private sector Voluntary sector Overall net Spring 9 Autumn 9 Spring 1 Autumn 1 Spring 11 Autumn 11 Spring 12 Autumn 12 Spring 13 Autumn 13 Spring 14 Base: Spring 215, all likely to recruit or make redundancies in the next quarter (overall n=728, private sector n=436, public sector n=25, voluntary sector n=87) Table 1: Net employment intentions for the next three months, by sector Sector Spring 215 Winter % point change Private sector services (n=321) Manufacturing and production (n=92) Education (n=12) Public administration and defence (n=84) Base: Spring 215, all likely to recruit or make redundancies in the next quarter cipd.co.uk/labourmarketoutlook 5
8 Plan to increase workforce 43% Plan to maintain or decrease workforce 18% The proportion of employers planning to increase the size of their workforce this quarter (43%) is the same as in the winter report. At the same time, the share of organisations that are planning to maintain or decrease staff levels has fallen to (18%) from 2% over the past three months. Figure 3 LMO employers intentions to increase, decrease or maintain staffing levels (%) % Maintain staff levels Increase staff levels Decrease staff levels Spring 9 Autumn 9 Spring 1 Autumn 1 Spring 11 Autumn 11 Spring 12 Autumn 12 Spring 13 Autumn 13 Spring 14 Base: Spring 215, all LMO employers likely to recruit or make redundancies in the next quarter (n=728) 6 cipd.co.uk/labourmarketoutlook
9 Labour Market Outlook Spring 215 What are the recruitment intentions for the forthcoming quarter? Recruitment intentions among LMO employers have increased modestly since the previous report. The proportion of organisations planning to hire staff in Q2 215 has increased to 71% from 65% compared with the previous report (Figure 4). The increase is largely driven by public sector employers, with the proportion planning to recruit employees growing to 79% from 65% since the winter report. Figure 4 Recruitment intentions, by sector (%) % Public sector Private sector Voluntary sector Overall net Spring 9 Autumn 9 Spring 1 Autumn 1 Spring 11 Autumn 11 Spring 12 Autumn 12 Spring 13 Autumn 13 Spring 14 Base: Spring 215, all LMO employers (n=1,13), public (n=249), private (n=654), voluntary (n=11) Table 2: Recruitment intentions, by sector (%) Sector Spring 215 Winter % point change Education (n=133) Public administration and defence (n=96) Private sector services (n=473) Manufacturing and production (n=143) Healthcare (n=87) Base: Spring 215 cipd.co.uk/labourmarketoutlook 7
10 What is the outlook for redundancies in the second quarter of 214? The proportion of LMO employers expecting to make redundancies in Q2 of 215 is broadly consistent with previous recent LMO reports. Overall, almost one in four (24%) are planning to make redundancies the next three months (Figure 5). The proportion of organisations expecting to make redundancies is lower in the private sector (22%) than in the public sector (%). However, the proportion of public sector employers planning to make redundancies in the next quarter is at a five-year low. As in previous reports, redundancy intentions for Q2 215 in the public sector are highest among public administration and defence employers, with nearly half (48%) planning to make redundancies. Employers in the services sector have reported increased redundancy intentions, with the proportion rising to 25% from 18% over the past three months. This is consistent with the overall fall in employment intentions in the services sector (Table 1). Meanwhile, redundancy intentions in the next three months are significantly higher in large organisations (34%) than among SMEs (1%). Figure 5 Redundancy intentions, by sector (%) % Public sector Private sector Voluntary sector Overall net Spring 9 Autumn 9 Spring 1 Autumn 1 Spring 11 Autumn 11 Spring 12 Autumn 12 Spring 13 Autumn 13 Spring 14 Base: Spring 215, all LMO employers (n=1,13), public (n=249), private (n=654), voluntary (n=11) Table 3: Redundancy intentions, by sector (%) Sector Spring 215 Winter % point change Public administration and defence (n=96) Education (n=133) Private sector services (n=473) Healthcare (n=87) Manufacturing and production (n=143) Base: Spring cipd.co.uk/labourmarketoutlook
11 Labour Market Outlook Spring Pay outlook What is likely to happen to wage inflation in the next 12 months? Excluding bonuses, the expected median basic pay settlement among those LMO employers planning a pay review in the 12 months to March 216 has fallen modestly to 1.8% from 2% during the previous three months. Consistent with findings from the winter report, median pay increase expectations are higher in the private sector (2%) than in the public (1%) and voluntary (1.4%) sectors. In addition, the average basic pay settlement excluding bonuses, the report s less preferred measure, has also fallen to 1.8% from 2% since the winter report. The modest falls are consistent with other survey indicators (XpertHR, EEF). When we compare the current average pay forecasts with the LMO pre-recession average, we see that the average pay increase remains well below the pre-recession levels. In spring 28, the average (mean) pay increase forecast was 3.6%. Figure 6 Average predicted annual basic pay awards (median), by sector (%) % 5 4 Public sector Private sector Voluntary sector Overall net Spring 12 Summer 12 Autumn 12 Winter Spring 13 Summer 13 Autumn 13 Winter Spring 14 Summer 14 Winter Base: Spring 215, all LMO employers planning to have a pay review before March 216 (all n=455, public n=146, private n=262, voluntary n=47) cipd.co.uk/labourmarketoutlook 9
12 Nearly half of employers (45%) who are planning to make a pay decision in the next 12 months expect basic pay to increase at their organisation, compared with roughly one in ten who intend to freeze pay (9%). These figures are unchanged from the winter report. However, it should be noted that an equal proportion (45%) of employers report that they do not know how their organisation s basic pay will be affected with the next pay decision, or that it is too hard to tell and will depend on their organisational performance. This is more prevalent in the private sector (49%) than in the public sector (32%). LMO employers in the public sector remain significantly more likely than those in the private sector to report that their organisation will have a pay freeze with 18% in the public sector reporting this compared with 6% in the private sector. Figure 7 Likelihood of a basic pay increase, decrease or freeze, by sector (%) % 1 Public sector Private sector Voluntary sector Summer 14 Winter Summer 14 Winter Summer 14 Winter Base: Spring 215, all LMO employers who are not postponing a pay settlement (public n=211, private n=546, voluntary n=93) Hard to tell; it will depend on our organisation performance/don t know Increase We will have a pay freeze Decrease 1 cipd.co.uk/labourmarketoutlook
13 Labour Market Outlook Spring 215 The distribution of pay awards is relatively evenly spread. Around a third of organisations (34%) expect an increase of %, whereas a similar proportion (%) expect an increase of %. In addition, one in five (2%) expect a pay increase of 3% or more, while a similar proportion expect a pay freeze (16%). Figure 8 Distribution of forward-looking pay settlements (%) % Pay freeze Base: Spring 215, all LMO employers who predict either an increase, decrease or freeze in average basic pay (n=455) cipd.co.uk/labourmarketoutlook 11
14 What are the reasons for predicted pay changes? Employers who report that their average basic pay award will rise by 2% or more say inflation or the cost of living (51%) is the main driver. Other popular reasons include the organisation s ability to pay more (36%) and following the market rate (33%). LMO employers are much less likely to attribute an increase in average basic pay of 2% or more to the ripple effect of higher starting salaries (9%) or falling labour costs (4%). To help understand the modest wage growth rates over the recent past, the LMO also asked employers why they cannot match the inflation rate target of 2%. Pay restraint in the public sector (41%) is the main reason why around a quarter of employers say that they cannot meet the target. Meanwhile, around a third (32%) of employers report that average basic pay will fall below 2% because the organisation cannot afford to pay more. Other popular reasons commonly cited by private sector employers include no recruitment or retention costs (25%), other labour costs (21%), the increase in the National Minimum Wage (2% and the low rate of inflation (15%). When asked this quarter how much they expect their organisation s average total pay per employee to change as a result of the next pay decision, just over one third (35%) report that they expect it to increase. In addition, 2% expect it to decrease Figure 9 Causes for increase in average basic pay by 2% or more (%) Inflation/cost of living 51 Organisation s ability to pay more Movement in market rates/the going rate of pay rises elsewhere Recruitment and retention issues 21 National minimum wage/living wage Pay catch-up, following modest pay increases, freezes or cuts in recent years Improved employee productivity and performance Union/staff pressures The ripple effect of higher starting salaries Falling labour costs, for example National Insurance, occupational pension Other Base: Spring 215, all LMO employers who think that average basic pay will increase by 2% or more (n=21) 12 cipd.co.uk/labourmarketoutlook
15 Labour Market Outlook Spring 215 Figure 1 Factors restricting organisations ability to match the inflation rate target of 2% (%) Restraint on public sector pay 41 Organisation s inability to pay more 32 We have no recruitment and retention issues Other labour costs (eg National Insurance contributions, pension contributions) The low rate of inflation/the cost of living Increase in National Minimum Wage in October Movement in market rates/the going rate of pay rises elsewhere Other To absorb the cost of the introduction of auto-enrolment pensions scheme 8 Poor employee productivity and performance 7 The ripple effect of lower starting salaries 4 Base: Spring 215, all LMO employers who think that average basic pay will increase by less than 2% (n=245) Figure 11 Factors restricting organisations ability to match the inflation rate target of 2% private sector only (%) Organisation s inability to pay more 35 We have no recruitment and retention issues Other labour costs (eg National Insurance contributions, pension contributions) Increase in National Minimum Wage in October Movement in market rates/the going rate of pay rises elsewhere The low rate of inflation/the cost of living in our area Poor employee productivity and performance To absorb the cost of the introduction of auto-enrolment pensions scheme 12 Other The ripple effect of lower starting salaries 8 9 Restraints on public sector pay 4 Base: Spring 215, all private sector LMO employers who think that average basic pay will increase by less than 2% (n=89) cipd.co.uk/labourmarketoutlook 13
16 while 8% predict a pay freeze. Meanwhile, almost a fifth of public sector employers (17%) expect to freeze total pay in the 12 months to March 216. Consistent with forecasts for future basic pay, uncertainty about average total pay change is most prevalent among private sector employers (59%). Overall, the median total pay growth forecast is 2%. How has basic pay changed as a result of pay reviews over the past 12 months? Seven in ten employers (7%) report that their organisation has conducted a pay review during the past 12 months, which is consistent with the Figure 12 Likelihood of a total pay increase, decrease or pay freeze, by business sector (%) % 1 Public sector Private sector Voluntary sector Winter Winter Winter Base: Spring 215, all LMO employers who are not postponing a pay settlement (public n=211, private n=546, voluntary n=93) Hard to tell; it will depend on our organisation performance/don t know Increase We will have a pay freeze Decrease 14 cipd.co.uk/labourmarketoutlook
17 Labour Market Outlook Spring 215 figure reported in winter (7%). Meanwhile, one quarter (25%) report not carrying out a pay review and 3% are unsure. Roughly half (53%) of employers whose organisations did not conduct a pay review report that this is in effect a pay freeze. Among those organisations who have conducted a pay review in the past 12 months, seven out of ten (69%) employers state that basic pay has increased as a result, while almost one in five (18%) report a pay freeze. Of those LMO employers who reported that average pay increased as a result of a pay review, the median increase was 2%. When we factor in those LMO employers who reported that average basic pay had decreased or that pay was frozen, the median basic pay increase Figure 13 Pay change as a result of pay reviews over the past 12 months (%) % 1 9 Public sector Private sector Voluntary sector OVERALL NET Winter Winter Winter Winter Base: Spring 215, all LMO employers who are not postponing a pay settlement (public n=211, private n=546, voluntary n=93) Don t know Increase We had a pay freeze Decrease cipd.co.uk/labourmarketoutlook 15
18 among those organisations who had carried out basic pay awards is 1.5%. This represents a small increase since winter , when the median basic pay increase was 1.3%. Consistent with other findings, the median basic pay increase was higher in the private sector (2%) than in the public sector (1%). Consistent with previous reports, the pay distribution awards reveal a relatively high proportion of employers that either awarded a pay increase of 2% or more or froze pay. On the one hand, just over a third of employers (34%) say that they froze pay in the 12 months to March 215 (Figure 14). At the same time, around two fifths of employers (41%) awarded a pay increase of 2% or more. Almost a quarter (23%) gave an increase of %. Figure 14 Distribution of backward-looking pay settlements (%) % Pay freeze Base: Spring 215, all LMO employers who report a change in average basic pay, including those who had a pay freeze (n=766) 16 cipd.co.uk/labourmarketoutlook
19 Labour Market Outlook Spring 215 Sample and method Respondent profile Table 4: Breakdown of the sample, by sector (%) Sector Spring 215 Winter Autumn 214 Summer 214 Spring 214 Winter Private Public Voluntary N 1,13 1,3 1,89 1,26 1, Table 5: Breakdown of the sample, by number of employees in organisation (%) Spring 215 Winter Autumn 214 Summer 214 Spring 214 Winter , 4, , 9, , 19, , or more N 1,13 1,3 1,89 1,26 1, cipd.co.uk/labourmarketoutlook 17
20 Table 6: Breakdown of the sample, by industry (%) Spring 215 Winter Autumn 214 Summer 214 Spring 214 MANUFACTURING AND PRODUCTION Agriculture, forestry and fishing Manufacturing Construction Mining and extraction Energy and water supply EDUCATION Primary and secondary schools Further and higher education HEALTHCARE NHS Other private healthcare PRIVATE SECTOR SERVICES Hotels, catering and leisure IT industry Transport and storage Consultancy services Finance, insurance and real estate Wholesale and retail trade Other business services Information and communication Retail Professional, scientific and technical Admin and support service activities PUBLIC ADMINISTRATION AND DEFENCE Public administration central government Public administration local government, including fire services Winter Armed forces Quango 18 cipd.co.uk/labourmarketoutlook
21 Labour Market Outlook Spring 215 Survey method The fieldwork for the LMO survey is managed by YouGov Plc. This survey has been conducted using the bespoke YouGov online system administered to members of the YouGov Plc GB panel who have agreed to take part in surveys and the CIPD membership. The survey is based on responses from more than 1,13 HR professionals and employers. All respondents have HR responsibility within their organisation, which may or may not be their sole and primary function within their organisation. The sample is targeted to senior business leaders of senior officer level and above. An was sent to each respondent from the YouGov sample, who are selected at random from the base sample according to the sample definition, inviting them to take part in the survey and providing a link to the survey. Each member of the CIPD sample is invited to complete the survey. Respondents are given three weeks to reply and reminder s are sent to boost response rates (subject to the CIPD s recontact policy). Weighting The quarterly LMO survey is sampled from the CIPD membership and through the YouGov panel of HR professionals. The data is weighted to be representative of the UK public and private sector business population by size of employer and sector. Rim weighting is applied using targets on size and sector drawn from Business Population Estimates for the UK and Regions 212. The delivered sample is drawn from across all business sizes and, in total, 556 unweighted responses were received from small and mediumsized enterprises (SMEs) and 447 from HR professionals within large employers (25+ employees). A very small number of HR consultants (6) took part in the survey. cipd.co.uk/labourmarketoutlook 19
22 References EEF. (215) Pay bulletin. March. EEF. media-news-and-insights/mediareleases/215/feb/manufacturingpay-growth-steady-as-inflationcontinues-to-fall Xpert HR. (215) Pay trends. March. Sutton: Reed Business Information. 2 cipd.co.uk/labourmarketoutlook
23 Chartered Institute of Personnel and Development 151 The Broadway London SW19 1JQ United Kingdom T +44 () F +44 () E cipd@cipd.co.uk W cipd.co.uk Incorporated by Royal Charter Registered as a charity in England and Wales (179797) and Scotland (SC45154) Issued: May 215 Reference: 6994 CIPD 215
LABOUR MARKET OUTLOOK VIEWS FROM EMPLOYERS
LABOUR MARKET OUTLOOK VIEWS FROM EMPLOYERS Spring 2016 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
More informationin partnership with EMPLOYEE OUTLOOK EMPLOYEE VIEWS ON WORKING LIFE
in partnership with EMPLOYEE OUTLOOK EMPLOYEE VIEWS ON WORKING LIFE Autumn 2015 The CIPD is the professional body for HR and people development. The not-for-profit organisation champions better work and
More informationSpring 2014. in partnership with. Employee Outlook
Spring 2014 in partnership with Employee Outlook WORK WORKFORCE WORKPLACE Championing better work and working lives The CIPD s purpose is to champion better work and working lives by improving practices
More informationAnnual survey report 2009. Absence management
Annual survey report 2009 Absence management Contents Summary of key findings 2 Rates of employee absence 4 The cost of absence 13 Targets and benchmarking 16 Causes of absence 18 Work-related stress
More informationTRADE UNION MEMBERSHIP 2014. Statistical Bulletin JUNE 2015
TRADE UNION MEMBERSHIP 2014 Statistical Bulletin JUNE 2015 Contents Contents... 2 Introduction... 3 Key findings... 5 1. Long Term Trends... 6 2.Private and Public Sectors. 12 3. Personal and job characteristics...
More informationBUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS
STATISTICAL RELEASE BUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS 2013 Summary There were an estimated 4.9 million private sector businesses in the UK at the start of 2013, an increase of 102,000
More informationin collaboration with Survey report August 2014 Age diversity in SMEs Reaping the benefits
Survey report August 2014 in collaboration with Age diversity in SMEs Reaping the benefits WORK WORKFORCE WORKPLACE Championing better work and working lives The CIPD s purpose is to champion better work
More informationEMPLOYEE OUTLOOK. April 2016 EMPLOYEE VIEWS ON WORKING LIFE FOCUS. Commuting and flexible working
EMPLOYEE OUTLOOK EMPLOYEE VIEWS ON WORKING LIFE April 2016 FOCUS Commuting and flexible working The CIPD is the professional body for HR and people development. The not-for-profit organisation champions
More information2. Incidence, prevalence and duration of breastfeeding
2. Incidence, prevalence and duration of breastfeeding Key Findings Mothers in the UK are breastfeeding their babies for longer with one in three mothers still breastfeeding at six months in 2010 compared
More informationThe Current 2% UK Wage Growth Norm. David Blanchflower Department of Economics, Dartmouth College, University of Stirling and NBER.
The Current 2% UK Wage Growth Norm David Blanchflower Department of Economics, Dartmouth College, University of Stirling and NBER and Stephen Machin Department of Economics, University College London and
More informationPolicy report. June 2016. Employer views on the. apprenticeship. levy
Policy report June 2016 Employer views on the apprenticeship levy The CIPD is the professional body for HR and people development. The not-for-profit organisation champions better work and working lives
More informationWorkplace Pensions: The Personnel Perspective: HR Managers Views on PensionsAugust
Workplace Pensions: The Personnel Perspective: HR Managers Views on PensionsAugust NAPF Research Report August 2008 HR Managers and Pensions Contents Page Key points 3 Introduction 4 What do HR Managers
More informationAgents summary of business conditions
Agents summary of business conditions April Consumer demand had continued to grow moderately. Housing market transactions had picked up modestly since the start of the year, but were lower than a year
More informationHow To Calculate The Number Of Private Sector Businesses In The Uk
STATISTICAL RELEASE STATISTICAL RELEASE BUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS 2011 12 October 2011 Issued by: BIS Level 2, 2 St Paul s Place, Sheffield, S1 2FJ For more detail: http://stats.bis.gov.
More informationUK Business Confidence Monitor Q2 2016
UK Business Confidence Monitor 216 BUSINESS WITH CONFIDENCE icaew.com/bcm 216 Overall confidence +.8 Domestic sales Profit growth drops sharply continue to slow declines further Key points Confidence remains
More informationCIMA salary survey 2012
CIMA salary survey 2012 United Kingdom 1 Foreword Despite the ongoing economic turbulence in the British economy, CIMA s members and students are in demand. Our 2012 salary survey shows that chartered
More informationState of the Economy
State 1 of State the Economy of the Economy June 2016 Office of Ril the - Junt Chief pr Economic f Adviser June 2016 State of the Economy Dr Gary Gillespie Chief Economist 3 June 2016 State of the Economy
More informationUK Business Confidence Monitor Q1 2016
UK Business Confidence Monitor 2016 BUSINESS WITH CONFIDENCE icaew.com/bcm 2016 Overall confidence +11.4 Profit growth Export growth falls softens slows Key points Confidence falls further, to its lowest
More informationFSB VOICE OF SMALL BUSINESS INDEX. @fsb_policy fsb.org.uk
Q1 FSB VOICE OF SMALL BUSINESS INDEX QUARTER 1, 2016 @fsb_policy fsb.org.uk fsb.org.uk CONTENTS Q1 Snapshot............................................ 4 FSB National Vice Chairman..................................
More informationRR887. Changes in shift work patterns over the last ten years (1999 to 2009)
Health and Safety Executive Changes in shift work patterns over the last ten years (999 to 009) Prepared by Office for National Statistics for the Health and Safety Executive 0 RR887 Research Report Crown
More informationAnnual survey report 2012. in partnership with ABSENCE MANAGEMENT
Annual survey report 2012 in partnership with ABSENCE MANAGEMENT 2012 2012 CONTENTS FOREWORD 2 ABOUT US 4 SUMMARY OF KEY FINDINGS 5 RATES OF EMPLOYEE ABSENCE 9 THE COST OF ABSENCE 15 OCCUPATIONAL SICK
More informationThe National Business Survey National Report November 2009 Results
The National Business Survey National Report November 2009 Results 1 Executive Summary (1) 2 NBS results from November 2009 demonstrate the continued challenging conditions faced by businesses in England
More informationSalary Survey 2015 BUSINESS WITH CONFIDENCE
Survey BUSINESS WITH CONFIDENCE icaew.com ICAEW Survey Foreword Contents This year s report shows no major changes in salaries since. This was expected to some extent. Boom periods are great, but they
More informationDental Care Professionals pay survey 2010
Dental Care Professionals pay survey 2010 Introduction Since 2001, the BDA has conducted quantitative research on market pay rates for Dental Care Professionals (DCPs) across the UK. Members can use this
More informationCIMA SALARY SURVEY 2013. United Kingdom
CIMA SALARY SURVEY 2013 United Kingdom 1 Foreword CIMA s members and students are looking forward to rapid career progression and salary rises well above the national average - despite the continuing economic
More informationNew York State Employment Trends
New York State Employment Trends August 2015 Thomas P. DiNapoli New York State Comptroller Prepared by the Office of Budget and Policy Analysis Additional copies of this report may be obtained from: Office
More informationAnalysis of Employee Contracts that do not Guarantee a Minimum Number of Hours
Analysis of Employee Contracts that do not Guarantee a Minimum Number of Hours Coverage: GB Date: 30 April 2014 Geographical Area: GB Theme: Labour Market 1. Summary There is no legal definition of zero-hours
More informationImpact of the recession
Regional Trends 43 21/11 Impact of the recession By Cecilia Campos, Alistair Dent, Robert Fry and Alice Reid, Office for National Statistics Abstract This report looks at the impact that the most recent
More informationBusiness in Ireland. Published by the Stationery Office, Dublin, Ireland. Available from:
An Phríomh-Oifig Staidrimh Central Statistics Office Business in Ireland 2012 Published by the Stationery Office, Dublin, Ireland. Available from: Central Statistics Office, Information Section, Skehard
More informationManpower Employment Outlook Survey Ireland
Manpower Employment Outlook Survey Ireland Q1 215 Country Name Employment Outlook The Manpower Employment Outlook Survey for the first quarter 215 was conducted by interviewing a representative sample
More informationFSB VOICE OF SMALL BUSINESS INDEX. @fsb_policy fsb.org.uk
Q2 FSB VOICE OF SMALL BUSINESS INDEX QUARTER 2, 2016 @fsb_policy fsb.org.uk fsb.org.uk CONTENTS Q2 Snapshot 4 FSB National Chairman 5 Economist s view 6 FSB executive summary.....................................
More informationredefining financial recruitment salary survey 2016
redefining financial recruitment salary survey 2016 INTRODUCtion & background It is no surprise that this phenomenal escalation in demand for finance professionals both part and fully qualified has intensified
More informationAgents summary of business conditions
Agents summary of business conditions February Consumer demand had continued to grow at a moderate pace. Housing market activity had remained subdued relative to levels in H. Investment intentions for
More informationHigh Performance Working in the Employer Skills Surveys. Evidence Report 71 July 2013
High Performance Working in the Employer Skills Surveys Evidence Report 71 July 2013 High Performance Working in the Employer Skills Surveys Professor Stephen Wood, Mr Mark Burridge, Drs William Green,
More informationPrivate Sector Employment Indicator, Quarter 1 2015 (February 2015 to April 2015)
STATISTICAL RELEASE Date: 14 July 2015 Status: Experimental Official Statistics Coverage: England; Regions Private Sector Employment Indicator, Quarter 1 2015 (February 2015 to April 2015) 1. Introduction
More informationDisability Rights Commission Disability Briefing June 2005
Disability Rights Commission Disability Briefing June 2005 Contents Page Introduction 1 Definitions of disability used in the LFS 2 Some Key Facts and Figures 3 Section 1: Autumn 2004 Data 5 Table 1: Economic
More informationNHS Staff Earnings Estimates March 2011
NHS Staff Earnings Estimates March 2011 - Based on payments to staff in the NHS in England from October to December 2010. Copyright 2011, The Health and Social Care Information Centre. All Rights Reserved.
More informationAgents summary of business conditions
Agents summary of business conditions July Annual growth in the value of retail sales and consumer services had risen slightly over the first six months of the year, but remained modest. Activity in the
More informationAge, Demographics and Employment
Key Facts Age, Demographics and Employment This document summarises key facts about demographic change, age, employment, training, retirement, pensions and savings. 1 Demographic change The population
More informationWomen and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five
IWPR #C426 November 2014 Women and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five Heidi Hartmann, Ph.D., Elyse Shaw, and Rachel O Connor Overview While the number
More informationSickness absence from work in the UK
Sickness absence from work in the UK 149 Sickness absence from work in the UK By Catherine Barham and Nasima Begum, Labour Market Division, Office for National Statistics Key points In the three months
More informationForeword. Arati Porwal Chief Representative India CIMA
1 Foreword Despite the global economic uncertainty, CIMA s members and students are in demand. Our 2012 salary survey shows that chartered management accountants are commanding salaries that reflect their
More informationEconomic Review, April 2012
Economic Review, April 2012 Author Name(s): Malindi Myers, Office for National Statistics Abstract This note provides some wider economic analysis to support the Statistical Bulletin relating to the latest
More informationA BROADENING LANDSCAPE
HAYS UK SALARY & RECRUITING TRENDS 2016 CONSTRUCTION, ENGINEERING & PROPERTY A BROADENING LANDSCAPE CONSTRUCTION, ENGINEERING & PROPERTY Overview The performance and outlook of the construction industry
More informationMembership for those with an MBA qualification. Membership of the CIPD Application form
Membership of the CIPD Application form Membership for those with an MBA qualification This application form is only valid from 1 July 31 December 2010. Please read these notes before completing the form.
More informationOccupational pension scheme governance
GfK. Growth from Knowledge Occupational pension scheme governance A report on the 2014 (eighth) scheme governance survey Prepared for: The Pensions Regulator By: GfK Financial, May 2014 1 P a g e Contents
More informationCIMA SALARY SURVEY 2013. Australia
CIMA SALARY SURVEY 2013 Australia 1 Foreword CIMA s members and students are looking forward to rapid career progression and salary rises above the national average - despite the continuing economic uncertainty.
More informationUK application rates by country, region, constituency, sex, age and background. (2015 cycle, January deadline)
UK application rates by country, region, constituency, sex, age and background () UCAS Analysis and Research 30 January 2015 Key findings JANUARY DEADLINE APPLICATION RATES PROVIDE THE FIRST RELIABLE INDICATION
More informationCredit Conditions Review 2016 Q2
Credit Conditions Review 216 Q2 BANK OF ENGLAND Credit Conditions Review 216 Q2 This quarterly publication presents the Bank of England s assessment of the latest developments in bank funding and household
More informationMandatory Gender Pay Gap Reporting
Mandatory Gender Pay Gap Reporting Government Consultation on Draft Regulations Issue date: 12 February 2016 Respond by: 11 March 2016 Contents About this Consultation 3 Ministerial Foreword 5 Introduction
More informationDanske Bank May 4th 2016 Economic Update,
Monthly update: 4 May 2016 Danske Bank Chief Economist, Twitter: angela_mcgowan Local job and investment announcements during April 2016: Over the month of April 2016 there were no new job announcements
More informationThe impact of the recession on the labour market
The impact of the recession on the labour market 14 May 2009 Chapter 4: Pensioner income and expenditure Pension Trends Impact of the recession on the labour market Introduction Chapter 1: Recent changes
More informationGrowth in self-employment in the UK
Growth in self-employment in the UK 399 Growth in self-employment in the UK By Craig Lindsay and Claire Macaulay, Labour Market Division, Office for National Statistics Key points There has been a gradual
More informationOUTLOOK VIEWS OF OUR PROFESSION. Winter 2014 15
HR OUTLOOK VIEWS OF OUR PROFESSION Winter 2014 15 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
More informationAgents summary of business conditions
Agents summary of business conditions Q Activity had generally grown solidly on a year earlier, with contacts attributing increased demand to rises in real incomes and credit availability. Growth among
More informationQuarterly Employment Survey: September 2011 quarter
Quarterly Employment Survey: September 2011 quarter Embargoed until 10:45am 01 November 2011 Key facts This is the first quarter in which the Quarterly Employment Survey has seasonally adjusted employment
More informationCIMA SALARY SURVEY 2013. Republic of Ireland
CIMA SALARY SURVEY 2013 Republic of Ireland 1 Foreword CIMA s members and students are looking forward to rapid career progression and salary rises well above the national average - despite the continuing
More informationAdvanced Certificate in Human Resources
Membership of the CIPD Application form Advanced Certificate in Human Resources This application form is only valid from 1 April 30 June 2014, if you re joining after this time please visit cipd.co.uk/membership
More informationMembership for those who have completed a CIPD postgraduate-level qualification
Membership of the CIPD Application form Membership for those who have completed a CIPD postgraduate-level qualification This application form is only valid from 1 July 31 December 2012, if you re joining
More informationSurvey of DC pension scheme members
Survey of DC pension scheme members A research report on understanding, engagement and perception among members of defined contribution (DC) occupational and work-based personal pension schemes Contents
More informationRevised Methodology for Unit Wage Costs and Unit Labour Costs - Explanation and Impact
Revised Methodology for Unit Wage Costs and Unit Labour Costs - Explanation and Impact Author Name(s): John Appleton, ONS Abstract A revised methodology for whole economy unit labour costs and unit wage
More informationRetail Sector Labour Market Review September 2013
Retail Sector Labour Market Review September 2013 Contents Introduction... 3 Economic contribution and performance... 6 What constitutes the retail sector?... 6 Size and number of businesses... 6 Table
More informationOverview of CIPD surveys
Overview of CIPD surveys A barometer of HR trends and prospects 2011 Contents Findings from the 2010 surveys a human capital checklist for UK plc 2 Introduction 3 Resourcing and talent planning 4 Reward
More informationSurvey report. January 2015. CIPD Market Research. Voice of the profession: Middle East
Survey report January 2015 CIPD Market Research Voice of the profession: Middle East WORK WORKFORCE WORKPLACE We re the CIPD the professional body for HR and people development. We are the voice of a worldwide
More informationManpower Employment Outlook Survey Norway
Manpower Employment Outlook Survey Norway Q2 2015 The Manpower Employment Outlook Survey for the second quarter 2015 was conducted by interviewing a representative sample of 751 employers in Norway. All
More informationRCSA QUARTERLY HIRING INTENTIONS SURVEY OCTOBER TO DECEMBER 2013 REPORT AUSTRALIA
RCSA QUARTERLY HIRING INTENTIONS SURVEY OCTOBER TO DECEMBER 2013 REPORT AUSTRALIA 1 Principal Partner RECRUITMENT AND CONSULTING SERVICES ASSOCIATION AUSTRALIA & NEW ZEALAND 1. Executive Summary The purpose
More informationREPORT. Potential Implications of Admission Criteria for EU Nationals Coming to the UK. www.migrationobservatory.ox.ac.uk
REPORT Potential Implications of Admission Criteria for EU Nationals Coming to the UK AUTHOR: CARLOS VARGAS-SILVA PUBLISHED: 06/05/2016 www.migrationobservatory.ox.ac.uk Executive Summary In the debate
More informationA review of school teachers pay in England and Wales compared with other graduate professions. A report for NASUWT
A review of school pay in England and Wales compared with other graduate professions A report for NASUWT by Incomes Data Services (part of Thomson Reuters (Professional UK) Limited) January 2015 This report
More informationUse of electronic cigarettes (vapourisers) among adults in Great Britain
May 2016 Use of electronic cigarettes (vapourisers) among adults in Great Britain 33 Summary of findings An estimated 2.8 million adults in Great Britain currently use electronic cigarettes (vape) up from
More informationSmall Business Survey Scotland 2012
Small Business Survey Scotland 2012 March 2013 Office of the Chief Economic Adviser Small Business Survey Scotland 2012 Office of the Chief Economic Adviser http://www.scotland.gov.uk/topics/economy/ Small
More informationQuarterly Economics Briefing
Quarterly Economics Briefing March June 2015 2016 Review of Current Conditions: The Economic Outlook and Its Impact on Workers Compensation The exhibits below are updated to reflect the current economic
More informationTHE STATE OF THE New ECONOMY
THE STATE OF THE New Zealand DIGITAL ECONOMY October 2012 CONTENTs EXECUTIVE SUMMARY 2 EXPANDING THE DIGITAL ECONOMY 3 THE PROMISE OF THE DIGITAL ECONOMY 5 CLOUD COMPUTING: THE BENEFIT OF NEW TECHNOLOGIES
More informationSME Cashflow Index. A report for FD Solutions. December 2013. Centre for Economics and Business Research ltd
SME Cashflow Index A report for FD Solutions Centre for Economics and Business Research ltd Contents SME Cashflow Index Introduction & key findings 3 The SME Cashflow Indices 4 Cashflow Index 5 Profit
More informationCase study University Hospital Southampton NHS Foundation Trust
in partnership with Case study University Hospital Southampton NHS Foundation Trust April 2015 L&D: Evolving roles, enhancing skills The CIPD is the professional body for HR and people development. The
More informationUK Income Tax Liabilities Statistics
Coverage: United Kingdom Theme: The Economy Released: 22 May 2015 Next Release: Jan/Feb 2016 Frequency of release: Twice yearly (Jan/Feb and Apr/May) Media contact: HMRC Press Office (Individuals) Tel:
More informationwww.theitjobboard.co.uk T: 020 7307 6300 The IT Job Board Salary Survey 2009
www.theitjobboard.co.uk T: 020 7307 6300 The IT Job Board Salary Survey 2009 Salary Survey 2009 The IT Job Board s 2009 salary survey has been created to assist IT professionals and hiring managers to
More informationThe Purple Book DB PENSIONS UNIVERSE RISK PROFILE 2012. Pension Protection Fund
The Purple Book DB PENSIONS UNIVERSE RISK PROFILE 2012 Pension Protection Fund 2 the purple book 1 2 The Purple Books give the most comprehensive picture of the risks faced by the PPF-eligible defined
More informationHealth and safety in Great Britain 2015
Health and Safety Executive Health and safety in Great Britain 2015 Work-related ill health and injury statistics Contents Summary 2 National and regional variation and trends 2 Ill health 3 Non-fatal
More informationEnglish Housing Survey Headline Report 2014-15
English Housing Survey Headline Report 214-15 Contents Introduction and main findings Section 1: Households Section 2: Housing stock Technical notes and glossary Introduction and main findings 1. English
More informationRewards & Well Being Research
Rewards & Well Being Research Research among HR Reward and Benefits professionals to measure attitudes towards rewards & benefits Prepared by: Heather Macleod, Reed Business Insight On behalf of: Peter
More informationTHE ARLA REVIEW & INDEX
THE ARLA REVIEW & INDEX for Residential Investment FOURTH Quarter 2014 Fourth Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 5.0% to 5.1%, its second
More informationFinancial capability and saving: Evidence from the British Household Panel Survey
CRS02 NOVEMBER 2010 Financial capability and saving: Evidence from the British Household Panel Survey About the Consumer Financial Education Body The Consumer Financial Education Body (CFEB) is an independent
More informationcipd.co.uk/membership
Membership of the CIPD Application form Postgraduate-level qualifications This application form is only valid from 1 January 31 March 2012, if you re joining after this time please visit cipd.co.uk/membership
More informationCUSTOMER SERVICE SATISFACTION WAVE 4
04/12/2012 GFK CUSTOMER SERVICE SATISFACTION WAVE 4 GfK NOP Amanda Peet 2 Customer Service Satisfaction Table of Contents: Executive Summary... 3 Objectives and Methodology... 5 Overview of all sectors...
More informationLearn what s trending in the world of recruitment. Recruitment Market Intelligence Report
Learn what s trending in the world of recruitment Recruitment Market Intelligence Report FEBRUARY 2015 At a Glance 30.8 million people in employment (Sep-Nov); up 512,000 from the same period last year
More informationAgents summary of business conditions
Agents summary of business conditions 6 Q The annual rate of activity growth had remained moderate. Turnover growth had eased further in the business services sector, partly reflecting some delays in clients
More informationFSB Voice of Small Business Index. Quarter 2, 2014
FSB Voice of Small Business Index Quarter 2, 2014 FSB Voice of Small Business Index 2014 Contents Q2 snapshot 3 FSB National Chairman 4 Economist s view 5 Regional Small Business Indices 9 Sector Small
More informationLONDON ALLOWANCES. L o n d o n A l l o w a n c e s. Introduction. Background. Types of allowances
LONDON ALLOWANCES Introduction This factsheet is intended to provide recent data and advice to support negotiators in bargaining over London allowance levels. Opening with an explanation of the history
More informationLabour Market Brief September Quarter 2015
Labour Market Brief September Quarter 2015 Key Message Overall the labour market continues to remain relatively tight, with both full time and part time employment continuing to increase since the beginning
More informationSvein Gjedrem: The economic situation in Norway
Svein Gjedrem: The economic situation in Norway Address by Mr Svein Gjedrem, Governor of Norges Bank (Central Bank of Norway), to invited foreign embassy representatives, Norges Bank, 21 March 2002. Please
More informationStatistical First Release
Statistical First Release Initial teacher training census for the academic year 2014 to 2015 Reference SFR 48/2014 Date 27 November 2014 Coverage England Theme Children, Education and Skills Issued by
More informationPublic and Private Sector Earnings - March 2014
Public and Private Sector Earnings - March 2014 Coverage: UK Date: 10 March 2014 Geographical Area: Region Theme: Labour Market Theme: Government Key Points Average pay levels vary between the public and
More information5. Price and Wage Developments
. Price and Wage Developments Recent Developments in Inflation Inflation rose in the December quarter, following a low September quarter outcome (Table.; Graph.). Indicators of underlying inflation increased
More informationNSW Labour Market Overview
NSW Labour Market Overview Presenter: Ivan Neville Branch Manager, Labour Market Research and Analysis 1 Slide 2 Current state of the NSW labour market Selected indicators over the year to October 2014
More informationChart 2: Types of activity currently outsourced. Main Findings
Outsourcing Survey Main Findings Most UK organisations outsource some of their activities (%) and many believe that outsourcing has simply become an established way of working (39%). Organisations are
More informationArticle: Main results from the Wealth and Assets Survey: July 2012 to June 2014
Article: Main results from the Wealth and Assets Survey: July 2012 to June 2014 Coverage: GB Date: 18 December 2015 Geographical Area: Region Theme: Economy Main points In July 2012 to June 2014: aggregate
More informationEmployment Outlook for. Electricity, Gas, Water and Waste Services
Employment Outlook for Electricity, Gas, Water and Waste Contents INTRODUCTION... 3 EMPLOYMENT GROWTH... 4 EMPLOYMENT PROSPECTS... 6 VACANCY TRENDS... 8 WORKFORCE AGEING... 10 EMPLOYMENT BY GENDER AND
More informationEqual pay reviews survey 2008
Research report: 2 Equal pay reviews survey 2008 Lorna Adams, Peter Hall and Stefan Schäfer IFF Research Equal pay reviews survey 2008 Lorna Adams, Peter Hall and Stefan Schäfer IFF Research Equality and
More informationAnnual survey report 2014. in partnership with ABSENCE MANAGEMENT
Annual survey report 2014 in partnership with ABSENCE MANAGEMENT 2014 WORK WORKFORCE WORKPLACE Championing better work and working lives The CIPD s purpose is to champion better work and working lives
More informationResearch and Development Tax Credits Statistics
Coverage: United Kingdom Theme: The Economy Released: 11 September 2015 Next Release: August 2016 Research and Development Tax Credits Statistics September 2015 Frequency of release: Annual Media contact:
More information