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Comment on CIPD unemployment forecast

Comment on CIPD unemployment forecast

Stephen Menko, director of HR recruiter Ortus said: “The CIPD’s reduction in their forecast for unemployment is in line with an increasingly hot jobs market in the professional services sector. HR departments are a great bellweather for the health of the wider jobs market and in the last 12 months we have seen incomes for HR professionals rise by 12%, along with bonuses of 18% - which isn’t far from the level at which banking bonuses were paid this year. HR remuneration has been rising because companies have been forced to compete for the best people as they are increasingly looking to raise their headcount to make up for the job losses during the recession. Employers know strong HR departments give the best chance of building high quality teams so they can thrive as they anticipate improving business conditions in the coming months”.

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