Topics

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

  • Type:
    Indicators

    Recruitment

    Updated to include data for April 2021 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 4 June 2021.

  • Type:
    Indicators

    Business confidence: private sector

    Updated to include the outlook on the manufacturing industry from the CBI Quarterly Industrial Trends Survey, April 2021.

  • Type:
    Indicators

    Inflation

    Updated to include official inflation data from the ONS for March 2021, along with the latest forecasts from our panel of economists. The next ONS release date is 19 May 2021.

  • Type:
    Indicators

    Working hours

    Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of February 2021. The next ONS release date is 18 May 2021.

  • Type:
    Indicators

    Employment

    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 18 May 2021.

  • Date:
    12 March 2021
    Type:
    Survey analysis

    HR roles and responsibilities 2021 survey: Key metrics

    Our 19th annual survey of the HR function reports on key metrics for the profession, including the ratio of HR practitioners to employees and budgets for HR activities.

  • Date:
    26 January 2021
    Type:
    News

    Redundancy rate hits record high as payrolled employees plummet

    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.

  • Date:
    25 January 2021
    Type:
    Survey analysis

    Workforce planning and business confidence survey 2021

    XpertHR surveyed organisations on workforce planning during the coronavirus (COVID-19) pandemic and found that, generally, employers remain confident in the overall business outlook for the year ahead.

  • Date:
    22 January 2021
    Type:
    Survey analysis

    HR roles survey: Response to the coronavirus pandemic and priorities for 2021

    The response of the HR community to the coronavirus (COVID-19) pandemic has been to put people first, while also supporting business continuity during exceptional circumstances. It is unsurprising then, that wellbeing tops the priority poll for the profession for the coming year, coupled with employee engagement.

  • Date:
    10 November 2020
    Type:
    News

    Job losses reach record high despite summer reopenings

    Redundancies hit a new record high in the late summer and early autumn despite the easing of lockdown measures, new estimates from the Office for National Statistics have shown.

About this topic

HR and legal information and guidance relating to the economy.

Economy: key resources

Tools for pay specialists