A recent survey by the Chartered Institute of Personnel and Development (CIPD) and recruiter Adecco has found major changes in redundancy expectations.
After comparing figures from 3 months ago, the survey found expected that 1 in 3 employers will make staff redundancies between July and September. The survey shows a 50% rise in the number of employers cutting jobs since the coronavirus pandemic wiped over a quarter off UK economic output.
2,000 employers were asked if they are planning to make redundancies in the month leading up to July.
When employers were asked in the previous quarter, 40% said they planned to hire new staff.
The figures are well under previous year’s levels with the proportion of employers planning to hire relative to those expecting to let staff go had fallen to its lowest level since the survey began in 2013.
These figures comes as no suprise with coronavirus, lock down, furlough scheme closures and indeed businesses looking at repositioning themselves for after the pandemic and then into global economic recession.