Private Sector Hiring Plans at Record Low as Cost Pressures Mount

Private sector hiring plans at record low

Hiring intentions among private sector firms remain at a record low, outside of the pandemic, as they grapple with increases in National Insurance contributions

Hiring hits a wall as employment costs rise

Private sector hiring intentions are at a record low as employers deal with higher national insurance and wage costs, according to the CIPD. The post Hiring hits a wall as employment costs rise appeared first on Personnel Today.

Private Sector Hiring Plans at Record Low as Cost Pressures Mount

Hiring intentions among private sector firms remain at a record low outside of the pandemic as they grapple with increases in National Insurance contributions (NICs) and other rising costs. Just 57% of private sector employers plan to recruit staff in the next three months, down from 65% in autumn 2024, according to the CIPD’s latest Labour Market Outlook. The hospitality and care sectors, and organisations that hire young people, have been hit …