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
Updated to include the outlook on the services industry from the CBI Quarterly Service Sector Survey, May 2017.
Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of March 2017. The next ONS release date is 14 June 2017.
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 14 June 2017.
The UK jobs market has experienced its steepest drop in candidate availability for 16 months, according to the Recruitment and Employment Confederation's latest Report on Jobs.
Updated to include data for April 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 8 June 2017.
XpertHR's latest annual survey focuses on gathering annual labour turnover rates, which in turn, will allow you to benchmark your organisation's rate against those of similar organisations.
Government must close the loopholes that allow "gig economy" companies to engage people on a supposedly "self-employed" basis, a committee of MPs has said.
For the past three decades, employers have advertised roles requiring candidates to have a certain number of GCSEs at "grade C or above". But is all that about to change to "grade 4 or above"? We provide a crash course on GCSE reform from an employer's perspective.
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.