Employers curb hiring amid rising employment costs

A recent survey by the Chartered Institute of Personnel and Development (CIPD), the professional body for HR and people development, indicates that a growing number of UK employers are preparing to reduce headcount in response to increasing costs and the upcoming rise...

8 in 10 businesses want AI growth

According to a new SAP report, AI adoption is now a top priority for UK businesses, with eight in ten focusing on technology-driven growth rather than improving customer experience. However, challenges around digital skills, talent shortages, and data infrastructure...

Wage growth outpaces forecasts

Workers saw strong pay growth in late 2024, with wages rising faster than expected despite concerns that the Autumn Budget would lead to job losses. Figures from the Office for National Statistics (ONS) show that the average weekly earnings increased by 6% from the...

A third of employers intend to cut staff

  Employer confidence in hiring has taken a sharp hit, with 32% of businesses planning to cut jobs through redundancies or reduced recruitment. The latest CIPD survey of 2,000 UK employers shows hiring confidence has fallen to its lowest level in a decade,...

HMRC compliance yield has fallen post-pandemic

The National Audit Office (NAO) has found that HMRC compliance staff are recovering £130,000 less per employee than before the pandemic. Between 2015 and 2020, each compliance officer recouped an average of £1.4 million annually, which has now dropped to £1.27m. In...