According to a new research programme conducted by the Chartered Institute of Personnel and Development (CIPD) and KPMG, between October and December 2010 more employers were planning to recruit new staff rather than to reduce their workforce. It is hoped that this increase in job opportunities, and therefore potential new contracts, in the private sector job will offset much talked-about public sector losses during the same time frame.
The study found a ‘net positive balance of 11’ between those companies that were planning to hire new employees, and those that were planning to decrease headcount. This the third consecutive quarterly rise indicates a relatively strong private labour market at the current time. Commenting on the report’s findings, Chief Economic Adviser at the CIPD Dr John Philpott said that signs of increasing buoyancy in private sector job prospects were ‘encouraging’.