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Economy

Employer job optimism at eight-year high

The latest CIPD/Adecco Labour Market Outlook report found all sectors of business are experiencing a jobs recovery

Employers in the UK are the most optimistic about the country’s job market in eight years, according to the latest Chartered Institute of Personnel and Development (CIPD)/Adecco Labour Market Outlook Report.

The report found the number of employers expecting to add jobs has increased to +27 for the second quarter of 2021.

In comparison, this figure was +11 in the first quarter of this year.

High employer optimism was recognised across all major sectors of business, including the private sector (+28), voluntary sector (+28) and the public sector (+22).

Gerwyn Davies, the senior labour market adviser at the CIPD, said: “More jobs and improved pay prospects should give us all reason to cheer, but a solid jobs recovery must be focused on better jobs, not just more jobs.

“To offset the emerging threat of recruitment difficulties, employers should be reviewing not just their recruitment practices, but also the quality of work they offer – such as employment conditions, the possibility of promotion, training opportunities and the right balance of flexibility and security. There’s more to good work than raising wages.”

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