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Economy

Sheila Attwood Editor's message: The state of the economy in which an organisation operates will impact on its level of business, and how easy, or otherwise, it is to recruit and retain the staff it needs. HR and reward professionals can keep track of inflation rates, labour market data and other key economic indicators to understand the context in which their organisation is recruiting, retaining and rewarding its 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. Both CPI and RPI inflation measures show strong price rises, which is finally feeding through into upward pressure on pay awards and earnings.

Sheila Attwood, managing editor, pay and HR practice

New and updated

  • Recruitment

    Type:
    Indicators

    Updated to include data for November 2018 on the availability and recruitment of permanent and temporary staff from IHS Markit/KPMG/Recruitment & Employment Confederation. The next figures are due to be published on 9 January 2019.

  • Sharp rise in number of UK employees looking for a new role

    Date:
    7 December 2018
    Type:
    News

    Almost a quarter of UK employees are pondering leaving their current job, according to research company Gartner.

  • Business confidence: private sector

    Type:
    Indicators

    Updated to include the outlook on the services industry from the CBI Quarterly Service Sector Survey, November 2018.

  • Foreign Office faces Brexit recruitment challenge

    Date:
    28 November 2018
    Type:
    News

    MPs have urged the Foreign and Commonwealth Office to ensure it has the skills needed for diplomacy after Brexit, by hiring and retaining the "best" staff and ensuring pay is competitive with other government departments.

  • Could data analytics solve the skills shortage puzzle after Brexit?

    Date:
    23 November 2018
    Type:
    Commentary and analysis

    With all the political chaos surrounding the proposed Brexit deal, it's hardly surprising that organisations feel confused about how to build their workforce strategies from 2019 onwards.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for October 2018, along with the latest forecasts from our panel of economists. The next ONS release date is 19 December 2018.

  • Labour disputes

    Type:
    Indicators

    Updated to include official statistics from the ONS for September 2018 on days lost to labour disputes and the number of stoppages. The next ONS release date is 11 December 2018.

  • 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 September 2018. The next ONS release date is 11 December 2018.

  • 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 11 December 2018.

  • UK Border Force to face staff shortages in event of no-deal Brexit

    Date:
    24 October 2018
    Type:
    News

    The Government will struggle to recruit enough staff and put in place appropriate infrastructure and systems to police the UK's borders with the EU in the event of a no-deal Brexit, according to a report by the National Audit Office.

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