More UK companies are planning to hire than fire this year, according to a new report.
The Labour Market outlook, which was conducted by the Chartered Institute of Personnel and Development (CIPD), found that less employers are making staff redundant and are instead focusing on hiring new staff.
The report, which is produced in association with YouGov, found that the jobs market is embarking on positive territory for the first time in over a year.
The difference between the number of employers intending to increase and decrease staffing levels stood at +6 for Spring 2012, which was up from -8 for the first few months of the year.
With redundancy projections down for the summer down from 37% to 32%, this research marks a piece of great news for the jobs market.
With the office of National Statistics (ons) set to release their latest round of figures this week, it’s going to be an interesting time for the recruitment sector, with the hope that these figures can continue to improve.
The last set of ONS figures showed that unemployment had dropped by 35,000 over the last few months to 2.65 million, with youth unemployment slightly down to 1.03 million.
The CIPD’s Gerwyn Davies has commented on the new research, saying:
“The jobs market is desperately seeking good news, so this latest set of positive figures is very welcome.”
And it is. With the UK back in another recession, any good employment news is good news. What do you think? Let us know your thoughts below or on the Wallace Hind Facebook page.