The 2020 Employment Trends Survey tracks key labour market trends, gathers data on the challenges facing UK firms, and asks businesses how they are responding.
By reading the survey results, you’ll get insight into the key issues facing businesses and the strategies those firms are adopting to adapt to a new normal.
Here are some of the key takeaways for business:
- As expected, following the coronavirus pandemic, respondents’ hiring expectations are weaker compared to 2018 (+34%) and 2019 (+28%) but remains in positive territory. Over one in three respondents (35%) expect to grow their workforce in the next 12 months, a lower percentage than in 2019 (43%). Meanwhile, 27% of respondents anticipate that their workforce will be smaller next year – giving a balance of +7%
- A third of respondent firms (33%) expect to freeze pay for their employees at their next pay review, while nearly three in ten (29%) expect to r