Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Economics, government & businessLatest NewsEmployment lawDownsizingHR strategy

CIPD/KPMG Labour Market Outlook survey finds two in five employers plan to make redundancies this quarter

by Louisa Peacock 11 Feb 2008
by Louisa Peacock 11 Feb 2008

A sharp rise in expected redundancies will hit the UK jobs market hard, a survey has revealed.

The winter CIPD/KPMG Labour Market Outlook survey, shows that almost two in five (38%) companies intend to make some employees redundant this quarter – a sharp increase on the autumn 2007 Labour Market Outlook survey figure of 17%.

This is the highest quarterly figure for redundancy intentions since the Labour Market Outlook survey began in 2004. The average quarterly figure for redundancy intentions is 21%.

One in four employers expecting to make redundancies this quarter report that at least 10 staff will lose their jobs. Thirty seven per cent expect to make fewer than 10 people redundant, with the remainder uncertain of the numbers likely to be involved.

Redundancy intentions are strongest in the public services where almost half (48%) of employers surveyed expected to make at least some staff redundant this quarter.

Andrew Smith, chief economist at consultancy KPMG, said: “The survey reflects the general uncertainty about the economic outlook. The number of companies expecting to make redundancies has jumped – but the majority still expect to employ the same or a higher number of staff in 12 months time.”

CIPD chief economist John Philpott said: “[The survey] does suggest that the UK is entering a period of slower employment growth and somewhat greater job insecurity than in recent years.”

Other findings

  • More than half (54%) of employers surveyed anticipate recruitment difficulties this winter, up from just below half (49%) in the autumn.
  • Almost one in five respondents planned to conduct a pay review in the winter quarter. Of those:
  • Three in 10 respondents expected the pay of their staff to increase on average by between 3% and less than 3.5%.
  • One in five expected increases of 4% or more. The median expected increase is 3% in all but the public services where the figure is lower (2%).

Avatar
Louisa Peacock

previous post
MPs criticise Discrimination Law Review for failing to address gender pay gap
next post
Acas bullish about meeting new demand for mediation

You may also like

Ethnic diversity: report highlights disparities in school leadership

18 May 2022

Accreditation scheme will ‘encourage LGBT+ people to be...

17 May 2022

Bald move: Tribunal was right in sex-related harassment...

17 May 2022

Number of working people with disability up 1.3...

17 May 2022

Wages fall 1.2% behind inflation as cost of...

17 May 2022

Police Scotland pays out £948,000 to female officer...

16 May 2022

Gender equality facing growing backlash from male managers

16 May 2022

Lack of flexibility pushes half of women to...

16 May 2022

How firms need to comply with sponsor licence...

16 May 2022

easyJet joins battle for cabin crew with £1,000...

16 May 2022
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...Read more
  • Why now is the time to plug the unhealthy gap PROMOTED | We’ve all heard the term ‘health is wealth’...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+