4 January 2018

Update

Employment Trends Survey finds businesses set to create jobs in 2018 despite uncertainty

This year’s CBI/ Pertemps Network Group employment trends survey highlights the challenges and opportunities that face the UK labour market. 

Employment Trends Survey finds businesses set to create jobs in 2018 despite uncertainty

Now in its twentieth year, the CBI/Pertemps Network Group employment trends survey provides an annual snapshot of the latest labour market trends and business sentiment.

The survey, carried out between September and October 2017, reveals a positive picture with UK firms expecting to continue creating new jobs of all types. It also revealed positive news on pay with over half of firms expecting to raise pay next year in line with or above the rate of inflation.

Read the CBI/ Pertemps Network Group Employment Trends Survey 2018

However, uncertainty around Brexit and skills shortages are weighing on business leaders’ minds. Concerns around these issues are contributing to a softening of business confidence in the attractiveness of the UK labour market. Results found that 63 per cent of respondents expect the UK to be a less attractive place to employ people and invest in the next five years, up from 50 per cent last year and 25 per cent in 2015.

The data also shows that businesses continue to recognise the importance of employee engagement and the benefits of achieving a diverse workforce and inclusive workplace practices. More than nine in ten respondents (93%) reported that a diverse and inclusive workforce is important to the future success of their organisation, with 70% introducing or extending flexible working opportunities and 66% investing in training for line managers to help boost inclusion.

The employment trends survey is an annual survey that provides insight into labour market trends and business sentiment. The data gathered from the survey will help shape the CBI’s positioning on employment and labour market topics throughout 2018.

For more information please contact Elliot.mason@cbi.org.uk