The article discusses declining employer confidence in the UK job market, with new research indicating a record low in the number of employers planning to increase staff in the upcoming months. Coupled with rising employment costs due to increased National Insurance Contributions and the National Living Wage, one in four employers are considering redundancies. The Chartered Institute of Personnel and Development (CIPD) highlights the effects of global uncertainties and the Employment Rights Bill as significant factors complicating the hiring landscape, especially in the retail sector.
"The rate of employers expecting to increase headcount has fallen sharply among large private sector employers, and in retail in particular, reflecting rising employment costs and global uncertainties."
"Employers across the UK have begun to feel the full effect of increases to National Insurance Contributions and the National Living Wage, impacting hiring confidence and plans."
Collection
[
|
...
]