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

New and updated

  • Business confidence: private sector

    Type:
    Indicators

    Updated to include the outlook on the manufacturing industry from the CBI Quarterly Industrial Trends Survey, April 2017.

  • Apprenticeship levy

    Date:
    13 April 2017
    Type:
    Editor's choice

    Apprenticeships are changing, with a levy for large employers now in place. We round up our resources on the apprenticeship levy, including a new "How to" guide on employing an apprentice under the new rules and a revised model apprenticeship agreement that takes account of the changes.

  • 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 February 2017. The next ONS release date is 17 May 2017.

  • Employment

    Type:
    Indicators

    Updated to include the latest official statistics from the ONS on employment and unemployment, and labour market forecasts from HM Treasury and ManpowerGroup. The next ONS release date is 17 May 2017.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for March 2017, along with the latest forecasts from our panel of economists. The next ONS release date is 16 May 2017.

  • Recruitment

    Type:
    Indicators

    Updated to include data for March 2017 on the availability and recruitment of permanent and temporary staff from IHS Markit/Recruitment & Employment Confederation. The next figures are due to be published on 9 May 2017.

  • Date:
    23 March 2017
    Type:
    Legal guidance

    Does the recent spate of employment status cases have implications for all employers, or just for the gig economy sector? Fiona Rushforth analyses the Uber, CitySprint and Pimlico Plumbers cases for indications of a shift in approach to the classifications of worker or self-employed status.

  • How to use inflation statistics in pay setting

    Type:
    How to

    Updated to reflect the ONS adopting the CPIH as its preferred measure of inflation from 21 March 2017, and ceasing publication of a number of lesser-used inflation measures.

  • Spring Budget 2017: T-Levels and taxes on self-employed

    Date:
    9 March 2017
    Type:
    News

    Philip Hammond used the Spring Budget to launch a series of measures aimed at boosting technical skills and productivity and raising tax contributions from workers who are self-employed or who operate through limited companies.

  • Date:
    6 March 2017
    Type:
    Legal guidance

    Are you firming up plans for spending your apprenticeship funding once the levy comes in next month? One avenue worth exploring is degree apprenticeships, and training providers can help your organisation test the waters. David Willett, head of propositions at the Open University, explains.

About this topic

HR and legal information and guidance relating to the economy.