1、OUTLOOKVIEWS FROM EMPLOYERSLABOUR MARKETWinter 2025/26The CIPD has been championing better work and working lives for over 100 years.It helps organisations thrive by focusing on their people,supporting our economies and societies.Its the professional body for HR,L&D,OD and all people professionals e
2、xperts in people,work and change.With over 160,000 members globally and a growing community using its research,insights and learning it gives trusted advice and offers independent thought leadership.Its a leading voice in the call for good work that creates value for everyone.1ReportLabour Market Ou
3、tlookWinter 2025/26Contents1 Foreword from the CIPD 22 Key points 33 Recruitment and redundancy outlook 44 Job vacancies 105 Pay outlook 126 Outlook for 2026 147 Recommendations for employers and people practitioners 208 Survey method 21Publication informationWhen citing this report,please use the f
4、ollowing citation:Bon,E.and Cockett,J.(2026)Labour Market Outlook winter 2025/26.London:Chartered Institute of Personnel and Development.Labour Market Outlook Winter 2025/262Foreword from the CIPDForeword from the CIPDThe quarterly CIPD Labour Market Outlook(LMO)provides an early indication of futur
5、e changes to the labour market around recruitment,redundancy and pay intentions.The findings are based on a representative survey of more than 2,000 employers.This quarter,almost all of our indicators remain unchanged and reflect a job market which is difficult for jobseekers,but one that is becomin
6、g easier for employers to navigate.There has been little movement around employer hiring intentions,which remains at an unparalleled low,outside of the pandemic.The overall net employment balance remains low at just+7,despite more certainty being offered by the 2025 Budget and the passing of the Emp