The latest XpertHR research reveals employers' staff turnover levels for 2014, and provides benchmarking data on occupational voluntary resignation and total turnover rates by sector and industry.
in 2014, we noted that the construction industry was showing signs of skills shortages in the wake of a pick-up in building activity. This may have contributed to rising pay levels over the past 12 months, with the median increase now running higher than in 2013/14.
After years of outpacing the overall UK economy, pay settlements in engineering and metals are now at the same level as the private-sector median.
In general terms the story of pay setting in the information and communication sector over the 2014/15 bargaining year has been one of stability. The median wage award was exactly the same level as this time last year, and also in line with private-sector wage awards across the piece.
In common with other industries, the pace of wage setting in the professional and business services sector has been relatively subdued over the past 12 months.
The dramatic fall in the price of crude oil has seemingly had an impact on the overall level of pay awards in the chemicals, pharmaceuticals and oil sector, with the median review taking a backward step over the 2014/15 bargaining year.
On this week's XpertHR Weekly, we discuss the findings of XpertHR's most recent survey on redundancy.
Latest XpertHR research on redundancy reveals ongoing job losses across the UK in 2014, with further redundancies expected in 2015 - particularly among large employers and in the public sector.
Definition from the XpertHR glossary.