Economy

Sheila Attwood Editor's message: HR and reward professionals need to keep track of inflation rates, labour market data and other key indicators to understand the context in which their organisation is recruiting, retaining and rewarding their employees.

Official statistics from the Office of National Statistics show that despite slow economic growth, the labour market has held up well and unemployment has fallen. With both CPI and RPI inflation at low levels, this has yet to feed through into upward pressure on pay awards or earnings.

Sheila Attwood, managing editor, pay and HR practice

Latest items in Economy

  • Working hours

    Type:
    Indicators

    Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of July 2016. The next ONS release date is 19 October 2016.

  • Unemployment

    Type:
    Indicators

    Updated to include the latest official statistics from the ONS on headline unemployment and the claimant count, and labour market forecasts from HM Treasury and Manpower Group. The next ONS release date is 19 October 2016.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for August 2016, along with the latest forecasts from our panel of economists. The next ONS release date is 18 October 2016.

  • Podcast: Introduction to the gig economy

    Date:
    9 September 2016
    Type:
    Audio and video

    We discuss some recent gig economy employment tribunal claims and the risks faced by organisations that hire freelancers through web applications.

  • Podcast: HR and the gig economy

    Date:
    9 September 2016
    Type:
    Editor's choice

    We provide an overview of the "gig economy", consider issues about which HR should be aware if their organisation is hiring freelancers through technology platforms, and discuss some employment tribunal cases brought by contingent workers.

  • Recruitment

    Type:
    Indicators

    Updated to include data for August 2016 on the availability and recruitment of permanent and temporary staff from the Recruitment and Employment Confederation. The REC is due to publish new figures on 7 October 2016.

  • Business confidence: private sector

    Type:
    Indicators

    Updated to include the outlook on the services industry from the CBI Quarterly Industrial Trends Survey, August 2016.

  • Take part in our annual labour turnover survey

    Date:
    5 August 2016
    Type:
    Editor's choice

    XpertHR's annual survey of labour turnover gathers data on both total labour turnover and voluntary resignation rates, as well as data on costs.

  • Harnessing the gig economy could solve skills shortages

    Date:
    3 August 2016
    Type:
    News

    The legal status of workers in the gig economy must be clarified so that businesses and individuals can thrive, according to a new report from the Recruitment & Employment Confederation.

  • Date:
    2 August 2016
    Type:
    Legal guidance

    Do you engage employees, workers or self-employed contractors? We look at the rise of the gig economy and the latest court battle to establish employment status.

About this topic

HR and legal information and guidance relating to the economy.