CIPD Labour Market Outlook

Labour Market Outlook: CIPD

  • Near-term employment prospects are positive for the first time in more than a year
  • This quarter’s net employment balance  has increased to +6 from –8; the highest net balance score since autumn 2010
  • Employment prospects will improve in all sectors of the economy in the second quarter of 2012


Labour Market Outlook

Labour Market Outlook – CIPD

  • Employers more positive on immediate jobs – outlook has turned positive for the first time in more than a year
  • Almost two thirds (65%) of employers plan to hire employees in the second quarter of 2012
  • Optimism should be tempered by employers’ continued caution about the medium term
  • Employers may find it necessary to reassess staffing levels before the year is out
  • Improving overall employment prospects are being driven by a fall in redundancy intentions in the public and private sectors
  • Net employment balance for the public sector (-32) is at its least negative since the winter 2009/10 report
  • Increase in the proportion of organisations that are intending to offshore jobs
  • More than a quarter (26%) of employers that have offshored jobs overseas now looking to relocate operations back to the UK