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HR in today’s economic climate John Philpott CIPD

HR in today’s economic climate John Philpott CIPD Chiltern Branch 23 March 2010. Outline. The economic climate in 3D The jobs dimension The pay dimension The skills dimension How are employees feeling? What happens next?.

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HR in today’s economic climate John Philpott CIPD

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  1. HR in today’s economic climate John Philpott CIPD Chiltern Branch 23 March 2010

  2. Outline The economic climate in 3D The jobs dimension The pay dimension The skills dimension How are employees feeling? What happens next?

  3. Jobs dimension 1 • 1.3m redundancies in recession (unempt up 0.8m) • 30% fewer job vacancies • 6.25 million fresh claims for JSA

  4. Jobs dimension 2 • 0.8m fewer f-t jobs • 0.3m more involuntary part-timers (now 1.1m) • 0.96m fewer private sector jobs (0.3m more public sector jobs)

  5. Jobs dimension: 3

  6. The pay dimension: 1

  7. Employees’ pay experience CIPD/YouGov survey Top chart 2009 Bottom chart 2008

  8. Pay dimension: 3

  9. Skills dimension • Skills shortages rate down to 0.6% (England) • Skills gap rate up to 7% (1.7m workers, England)

  10. How are employees feeling? 1 job satisfaction

  11. How are employees feeling: 2 perceived job security

  12. How are employees feeling? 3 perceived chances of getting another job

  13. What happens next?

  14. Economic recovery scenarios • A V, U or W shaped economic recovery? • ‘Jobs lined’ recovery? • ‘Jobs light’ recovery? • ‘Jobs loss’ recovery?

  15. Future workplace scenarios • Back to business as usual? • Tougher times ahead? • A reinvention of the workplace? • The ‘productive workplace’?

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