Headlines: November 17th, 2014

Public sector hiring intentions for the third quarter of 2014 have fallen sharply and starting salaries have either fallen or remained static.

These finding come from the Chartered Institute of Personnel and Development in its quarterly Labour Market Outlook.

Hiring intentions in the public sector have dropped from -23 in the previous quarter to -14. This compares with the private sector where hiring intentions have risen from +23 to +30.

Public sector pay has dampened the overall picture for UK wages. Almost two-thirds of public sector employers said that average starting salaries have either remained the same or fallen in the last year. This is largely due to downgrading some roles and lowering starting salaries for others. Again, this is in sharp contrast to private sector employers, just over half of which have higher average salaries compared with last year.

The report also finds little appetite among workers to switch employer. More than three-quarters of employees say that they aren’t currently looking to change employers. This is again consistent with official statistics which show that resignations are very low historically.