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
Updated to include data for November 2019 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 2020.
Updated to include the outlook on the services industry from the CBI Quarterly Service Sector Survey, November 2019.
Recent university graduates are having to take on second jobs in order to pay their rent and cope with rising living costs.
HR professionals are more likely to be experiencing the benefits of automation in their roles than any other professional in the UK, but more than a third think the pace of technological change in their organisation is slow.
Updated to include official statistics from the ONS for September 2019 on days lost to labour disputes and the number of stoppages. The next ONS release date is 17 December 2019.
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 2019. The next ONS release date is 17 December 2019.
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 17 December 2019.
Entire regions of the UK face being left behind and British businesses could find themselves being uncompetitive, unless the government steps up efforts to manage the transition to automation.
Employees that can't access training get trapped under a 'skills ceiling' that means they lose out on almost £12,000 a year in earnings, according to the Association of Accounting Technicians.
HR and legal information and guidance relating to the economy.