Redundancies look set to rise sharply in the first quarter of 2011 in the public sector as Government cuts bite, according to this quarter's Labour Market Outlook from CIPD and KPMG, but job creation in the private sector offers some hope to the overall employment picture.
The survey of 750 employers indicates that overall employment levels, which have held up relatively well in 2010, are heading for a fall in 2011. The Labour Market Outlook net employment index, which measures the difference between the proportion of employers that intend to increase total staffing levels and those that intend to decrease total staffing levels in the first quarter of 2011, has fallen to -3 from +11 in the past three months.
However, the private sector will continue to generate jobs growth, with manufacturing (+20) and private sector services (+20) providing the majority of the jobs. In sharp contrast, two thirds of public sector organisations (-66) will be looking to reduce the size of their workforces in the first quarter of 2011.
Redundancy intentions have risen to their highest level since the survey began across the whole economy and are highest in the public sector where more than half (52%) of public sector employers intend to make redundancies in the first three months of 2011. More than three-quarters (77%) of local government employers plan to make cuts to their workforces.
APA is mindful of the likelihood that many public sector PAs will be looking for reemployment and has offered help to all Government Departments.
APA
The survey of 750 employers indicates that overall employment levels, which have held up relatively well in 2010, are heading for a fall in 2011. The Labour Market Outlook net employment index, which measures the difference between the proportion of employers that intend to increase total staffing levels and those that intend to decrease total staffing levels in the first quarter of 2011, has fallen to -3 from +11 in the past three months.
However, the private sector will continue to generate jobs growth, with manufacturing (+20) and private sector services (+20) providing the majority of the jobs. In sharp contrast, two thirds of public sector organisations (-66) will be looking to reduce the size of their workforces in the first quarter of 2011.
Redundancy intentions have risen to their highest level since the survey began across the whole economy and are highest in the public sector where more than half (52%) of public sector employers intend to make redundancies in the first three months of 2011. More than three-quarters (77%) of local government employers plan to make cuts to their workforces.
APA is mindful of the likelihood that many public sector PAs will be looking for reemployment and has offered help to all Government Departments.
APA
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