CIPD

Labour Market Outlook – Summer 2024 ☀️

The latest CIPD Labour Market Outlook reveals key shifts in the UK labour market. Expected pay awards have dipped to 3% over the next year, down from 4% last quarter, with public sector pay lagging behind 💻

Despite this, recent Government decisions have led to above-inflation pay rises of 4.75%–6% for many public sector workers ⚙️

Notably, the public sector's net employment balance has turned negative (-1) for the first time since 2017/18, hinting at potential short-term staff reductions 📊

Explore our in-depth analysis on recruitment, redundancy, and pay trends for this summer: ow.ly/Lu5w50SVIJQ

#CIPD #HR #Business #Insights #LabourMarketOutlook

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Our customers and the members we serve tell us they are using other platforms more regularly, and you can catch up with us on these where you'll find more regular updates. Our team will still be here to support and answer queries and we'll monitor and review our decision if things change.

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Read more about this online course here: ow.ly/7eFc50SXufr

#HR #Coaching

More from our Labour Market Outlook - Summer 2024 released today with leading commentary from @Jamescecon

- Net employment balance falls slightly 📊
- Public sector confidence below zero 🧠
- Over a fifth of public sector plan to shrink staff 💻
- Hard-to-fill vacancies remain prevalent ⚙️
- Median expected pay drops to 3% 💰

Read in full here: ow.ly/Lu5w50SVIJQ

#CIPD #HR #Business #Insights #LabourMarketOutlook

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