Skip to main content
Guiding you to a better future

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Jobs up but real wages down in 2017, predicts CIPD

18 November 2016

Jobs up but real wages down in 2017 predicts CIPDWith news that UK unemployment has fallen to an 11-year low, a new report on the labour market warns that while employment growth looks set to continue, real wages are likely to fall in 2017.

The Labour Market Outlook report from the CIPD and Adecco Group reveals that the balance of employers that plan to expand their workforce, as opposed to those that intend to reduce staffing levels, remains in positive territory at +22, although this is down from +27 in the previous quarter.

At the same time, for the second quarter running, employers anticipate median basic pay settlements of just 1.1% for the 12 months ahead against a backdrop of anticipated higher inflation.

Gerwyn Davies, CIPD labour market analyst, said: "Pay expectations are already weak, and as inflation moves up we can expect a period of low or negative real wage growth for the squeezed middle."

The report finds that 30% of employers expect that the UK's vote to leave the EU will increase their costs over the next three months, which, says the CIPD, may explain the continued squeeze on wages and why employers are planning to reduce (15%) rather than increase (9%) investment in skills.

The vast majority of employers don't want and aren't ready for a hard Brexit, the report also finds - just 6% say they are in favour of a hard Brexit. However, although 42% of employers believe that future restrictions on EU labour could damage their UK operations, just 15% have started to prepare for this eventuality.

Davies said: "It seems that few UK employers want or are ready for a hard Brexit outcome, which all the latest political commentary seems to be pointing towards. However, uncertainty over the UK's future arrangements with the EU is no excuse for inaction. From all of the information we have, it's inevitable that there will be restrictions on EU migrant labour after the UK leaves the EU and employers must be prepared for this. It's vital that the UK Government considers making intermediate arrangements when introducing changes to immigration policy."

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry