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HR trends for Spring

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Nearly two in five employers expect to be employing more staff this year yet few anticipate a significant rise in wage costs, according to a CIPD survey.

The quarterly HR Trends and Indicators survey, involving almost 2000 employees, found that more than half of employers plan to recruit this Spring. Recruitment intentions are strongest in the finance and public administration sectors.

However, nearly a quarter of employers plan to lay off staff this Spring, citing reorganising work methods (31%) and competitiveness, efficiency and cost reduction (21%) as the main reasons for making redundancies. Only 2% cite relocation of staff overseas, with just 6% pointing to merger activity.

Other key findings:

  • A higher proportion of public sector organisations (63%) expect to face recruitment difficulties in the next quarter than private sector companies (43%).

  • More than a third of organisations expect to have difficulty with recruiting professionals (34%) and skilled tradespersons (18%).

  • A clear majority of employers say that their wage costs will either remain stable or rise by no more than 2% this year. A slightly higher proportion of public sector than private sector employers expect their wage costs to rise in Spring 2004, with nearly one in five public sector employers expecting wage costs to increase by 3-5%.

  • Absence management, recruitment and retention are the three most important challenges facing HR over the next three months. The current skills shortage came out fourth.

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