Labour market outlook: Views from employers – Summer 2018

By CIPD (published August 2018)

Labour market outlook: Views from employers - Summer 2018

The quarterly CIPD Labour Market Outlook (LMO) provides a set of forward-looking labour market indicators, highlighting employers’ recruitment, redundancy and pay intentions for the third quarter of 2018. The survey is based on responses from 2,001 employers.

The report shows that hard-to-fill vacancies have continued to rise. Among employers who currently have vacancies, 66% report that at least some of their vacancies are proving hard-to-fill, higher than in Spring 2018 (61%) and Spring 2017 (56%). Organisations with hard-to-fill vacancies report that the density of these vacancies is higher in their organisation now (40%) compared with three months ago (30%). Employers in the IT (50%), transport and storage (50%) and construction (47%) sectors to find the hardest.

The authors argue that employers therefore need to start making short-term and long-term plans on workforce development and enhanced investment in skills with some urgency.

Read the report here.