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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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CIPD retweeted
We're pleased to see the @biztradegovuk commitment to engage with the business community to work through details of new employment rights reforms to ensure they have a positive impact for both employers and workers.
There's now a lot to digest and feed into through 2025 & beyond
Businesses are behind our plans for employment rights reforms👇
@CIPD | @the_brc | @centricaplc | @BritishGas | @SainsburysNews | @fawcettsociety | @pedalmeapp
CIPD retweeted
"The measures announced in the Employment Rights Bill represent the biggest changes to employment legislation in a generation." @Ben_Willmott the @CIPD Head of Policy responds to today's publication of the bill.
#Employment #EmploymentRightsBill
CIPD retweeted
The #employmentrightsbill has today been introduced into parliament. We share the Government’s ambition to raise employment standards and job quality, and access to work for all.
See @Ben_Willmott @CIPD respond to the Bill and it's implications here:
cipd.org/en/about/news/emplo…
CIPD retweeted
Today's announcement of the new Employment Rights Bill will see proposals for one of the biggest overhauls of British employment law in generations - part of the UK Government’s ‘Make Work Pay’ plan. We’ve been closely involved in the meetings and consultation with @biztradegovuk
News to share: We've been part of this community since 2008. But we have increasingly found our purpose and values are not as aligned with this platform. After consideration, we'll be pausing regular posts from our main X account, unless we have essential news to share.
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.
CIPD retweeted
The @CIPD Chief Executive @Cheese_Peter was pleased to be able to attend this meeting today and highlight the importance of engaging HR who will be on the frontline of these changes.
Ongoing consultation has been promised and we will engage on behalf of and with our profession.
Today @jreynoldsMP joined @AngelaRayner to host business organisations & trade unions together 👇
Representatives were invited to contribute to the government's Plan to Make Work Pay, which aims to not only empower workers but also drive economic growth: gov.uk/government/news/busin…
Coaching is an important skill for any manager. In this Introduction to Coaching course, you'll learn the theory and fundamentals of coaching employees. There's a 15% discount for CIPD members ✅
Read more about this online course here: ow.ly/7eFc50SXufr
#HR #Coaching
ALT The CIPD promotes a course called introduction to coaching. Build the skills you need to improve performance. This is an online learning course with 15% off for CIPD members. The image shows two work colleagues talking in a learning environment.
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
ALT labour market outlook banner with quote from james cockett speaking about various findings
Our latest Labour Market Outlook - Summer 2024 is now available to view ☀️
Our Labour Market Outlook is a forward-looking indicator of the UK labour market. Based on a quarterly survey of 2,000+ employers, it provides analysis on recruitment, redundancy and pay intentions combined with unique insights on labour market topics 📚
Read on for our latest labour market data and analysis this summer: ow.ly/Lu5w50SVIJQ
#CIPD #HR #Business #Insights #LabourMarketOutlook
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Follow in Kirsty's footsteps and raise your profile further with international recognition 🌍
Remember, your professional CIPD credentials, Foundation CIPD, Assoc CIPD, Chartered MCIPD or Chartered FCIPD can boost your career prospects – use them with pride ⭐
See if you are eligible for an upgrade and take our pre-assessment tool: ow.ly/IG9y50SR5u4
#CIPD #HR #People #Membership #Benefit #Learning #Resource
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@PeabodyLDN redesigned its operating model to align its people function with the business 🤝
Read their case study on developing strategic partners, aligning teams, increasing data analytics skills and transitioning the L&D team into an internal academy ➡️ow.ly/l00T50SVjmg
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Discover how investing in HR skills can drive successful transformation within your organisation ✅
Our latest article explores how digital technology, skills, and culture enable people teams to drive greater impact 👥
Read the full article 👉 ow.ly/5y4050SVbqx
Do you know anyone who might benefit - the @CIPDTrust Bursary fund is now open for new applications
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CIPD retweeted
"...the real experts on pay are the ones receiving it,...", claims Fran Heathcote civilserviceworld.com/profes… @CIPD Something to consider when communicating with employees about their reward
