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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. Despite both CPI and RPI inflation rising, 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 official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of May 2017. The next ONS release date is 16 August 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 16 August 2017.
Updated to include the outlook on the financial services industry from the CBI/PricewaterhouseCoopers Financial Services Survey, June 2017.
Updated to include data for June 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 August 2017.
Apprenticeships are changing, with a levy for large employers now in place. We round up our resources on the apprenticeship levy, including a "How to" guide on employing an apprentice under the new rules, a revised model apprenticeship agreement and new example letters to use at the conclusion of an apprenticeship.
Demand for interim managers has risen impressively since the UK's decision to leave the EU. Jo Sweetland, managing partner at recruitment specialists Green Park, considers why this might be the case.
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.
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.