The latest CIPD and Adecco Labour Market Outlook report has launched. Key insights include:
Hiring optimism in the UK has reached an eight-year high. This is evident across all sectors of the UK economy including the private sector (+28), voluntary sector (+28) and the public sector (+22).
The report’s net employment intentions balance has risen to +27 from +11 in the winter quarter. This marks its highest level since winter 2013.
The proportion of employers intending to make redundancies continues to fall. Just over one in ten (12%) expect to cut jobs during the next three months, down from 20% in the previous quarter.
It is encouraging to see that all indicators of recovery are positive, but the disruption of Brexit paired with the lingering threat of COVID-19, means that now more than ever, organisations must continue to level up and build back better to remain resilient in the critical months ahead.