Jobs upturn springs into life

July 2004
Management Services;Jul2004, Vol. 48 Issue 7, p9
Academic Journal
A new quarterly monitor of employment intentions, published by the Chartered Institute of Personnel and Development (CIPD), shows that nearly two in five employers expect to be employing more staff in 2004. Despite this, few anticipate a significant rise in wage costs. This positive news on the state of the jobs market comes ahead of official employment and pay figures. The first quarterly Human Resource Trends and Indicators survey of CIPD--involving almost 2,000 employees in all sectors and regions of Great Britain--finds that more than half of employers plan to recruit in the next three months. The expectation of strengthening economic recovery in 2004 is clearly making many organizations more optimistic about job prospects. These quarterly survey figures remain consistent with the current expectation of CIPD that total employment levels in Great Britain will rise by around a quarter of a million this year. However, manufacturing is a major exception, though job losses in the sector are consistent with recovery as employers restructure to boost competitiveness. This point is illustrated by the main reasons given for making redundancies--which include reorganizing work methods and competitiveness, efficiency and cost reduction. Only 2 percent cite relocation of staff overseas, with just 6 percent pointing to merger activity.


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