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Stalled economic growth bears no influence on rising employment

Filed under: Business Continuity — Mark on March 6, 2013

The growth in employment won’t stop in Q1 of 2013, says the latest SuccessFactors Labour Market Outlook report from the Chartered Institute of Personnel and Development (CIPD). Those looking to enter the jobs market, applying for business continuity vacancies or any other positions, can therefore expect their chances of securing employment to further increase.

This is now the fourth quarter in a row where a positive balance has been recorded by the Labour Market Outlook, and robust employment growth in 2012 has stayed with it every step of the way, says official statistics. The numbers occurred during a time of stalled growth in the economy. The latest report by CIPD/SuccessFactors explores numerous reasons behind the contrasting scenes, using survey facts and figures from both employees and employers.

The volume of people employed is one explanation why they are not working permanently or in full-time. Around a third of employers who were surveyed for the report said that some of their staff had hours reduced in the last five years. The survey of over 2,000 employees conducted by the CIPD discovered that 30% would prefer to work longer hours, including most part-time employees from 25 to 54 years old.

Another factor to the puzzle may be a reduction in the average wage settlement, which helps employers create and preserve jobs. The average projected pay settlement for the year ahead, which includes bonuses, slightly increased from 1.7% to 1.8% in the last quarter, although it remains at historically low levels.

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