CIPD – Labour Market Outlook Winter, 2024-25

The main theme of the report is the analysis of labor market prospects, including forecasts for hiring, layoffs, and pay.

Key findings include that employer confidence in hiring is at its lowest level on record, except for the pandemic period. An increase in the number of employers planning to reduce staff in the next three months is expected. Changes in National Insurance announced in the Autumn Budget 2024 could significantly increase employment costs for employers. Many employers plan to raise prices and reduce staff due to increased employment costs.