Leading HR professional body, the Chartered Institute of Personnel and Development, have released their latest quarterly labour market outlook. The report is based on the responses of more than a thousand HR professionals and provides a number of labour market indicators, including hiring intentions.
The report has suggested that employer’s are still uncertain about the state of the economy, and whilst there is still a greater number of employers looking to hire staff than to reduce them, this has been owed more to their desire to hold onto key skills rather than because of increased confidence.
The private sector has also been praised for continuing to drive the upturn in employment, helped by the continued performance of the IT sector amongst others. The CIPD’s outlook also recorded the highest employment score for private sector firms since spring 2011.
Wider hiring intentions reveal that two thirds of employers plan to take on more staff this quarter, with the preference appearing to be towards permanent staff (74%) as opposed to temporary or contract staff (26%).
However, the use of temporary workers amongst current employers is particularly high, with 78% confirming that they current employ temporary and contract workers. Contractors are also well represented within the private sector, where almost three quarters (74%) of firms employing them. Issues such as the agency workers regulations affected 20% of employers who said they employ temporary workers for less than 12 weeks.
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