Report: CIPD Market Labour Outlook Autumn 2021
According to this report, the rapid expansion in hiring activity has coincided with a fall in labour supply over the past three months for low-skilled vacancies. As a result, the incidence of recruitment difficulties has increased since the previous report.
Key findings:
- Almost half (46%) of employers that currently have vacancies report recruitment difficulties, which compares with 39% for the third quarter of 2021
- the proportion of employers with hard-to-fill vacancies jumped from 39% to 47% this quarter. Meanwhile, the median number of applicants for low-skilled vacancies has dropped from 20 to 16
- employers are responding to recruitment challenges through positive action such as raising wages (47%), upskilling staff (44%), hiring more apprentices (27%) and improving job quality (20%).
Figures suggest that median basic pay settlement expectations are unchanged at 2% compared with three months ago. However, median basic pay expectations have risen to 2.5% from 2.2% during the same period in the private sector.