Insights ¦ Labour Market Outlook Winter 2024–25

Published by: Chartered Institute of Personnel and Development
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Key Take Aways

Employer confidence is at its lowest outside of pandemic conditions, impacting strategic workforce planning.

The net employment balance has suffered its steepest quarterly decline since 2014, signalling increased caution among employers.

One in four organisations plans to make redundancies in the next three months, a level rarely seen outside the pandemic period.

Confidence across sectors is waning, with private sector net employment expectations falling sharply from +24 to +16.

Labour market mobility is slowing, with a downward trend in organisations expecting to increase staff levels.

Recruitment intentions have dipped across all sectors, with the private sector now at 61%, reflecting tighter labour supply.

Hard-to-fill vacancies remain high, especially in education (49%) and construction (46%), indicating persistent skills shortages.

Public sector organisation...

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