The pandemic has led to major shifts in labour market participation - rather than mass unemployment as feared - according to the Resolution Foundation think tank.
Chancellor Rishi Sunak has confirmed wage increases for the lowest paid workers and public sector staff in his Budget today, as well as changes to Universal Credit (Wednesday 27 October).
The chancellor has committed £500m to renewing job support programmes including Kickstart and the Job Entry Targeted Support (Jets) scheme.
The number of employees on payrolls has plummeted by 828,000 since the COVID-19 pandemic began, with the number of redundancies reaching a record high in September to November 2020.
News: HR and legal information and guidance relating to the labour market.
XpertHR is part of the LexisNexis® Risk Solutions Group portfolio of brands.
The materials and information included in the XpertHR service are provided for reference purposes only. They are not intended either as a substitute for professional advice or judgment or to provide legal or other advice with respect to particular circumstances. Use of the service is subject to our terms and conditions.
Copyright © 2021 LexisNexis Risk Solutions Group
© 2021 LexisNexis Risk Solutions Group.