Important discussions required on crucial aspects of the Employment Rights Bill to prevent hindrance in employment expansion
The economic landscape is uncertain, and the labor market is gradually becoming less tight, as unemployment has increased compared to the last quarter and vacancies have decreased further. Amidst these challenges, the focus on real pay growth continues, but it is on a downward trend.
In this context, the Government's attention should be on supporting young people in the job market, as they face particular obstacles in finding work when job opportunities are on the decline. To address this, there is a need to strengthen steps to support young people in securing training and employment.
As the Employment Rights Bill progresses, the Government should consult meaningfully on measures within the Bill to avoid acting as a headwind on employment growth. The need for policy makers to consider further steps to support employers in recruitment and staff training persists. However, it's crucial that the Bill's measures do not hinder employment growth, and the Government should avoid adding cost and complexity to the process of recruiting and managing staff.
Inflation is forecasted to increase in the short-term, which could potentially increase costs and complexity in hiring and managing staff through the Employment Rights Bill. The government authority that was urged to discuss significant measures in the Employment Rights Bill further in secondary legislation, to ensure they do not act as an additional brake on employment growth and increase costs and complexity in recruiting and managing employees, is not specified.
Employer decisions on pay may be influenced by the loosening labor market, and the focus on real pay growth continues. Attention will be on real pay growth going forward, as wage growth has slightly decreased. The Bill's measures should not hinder employment growth, and it's essential to maintain a balance between protecting employee rights and fostering a conducive environment for businesses to grow and create jobs.
Policy makers should consider taking further steps to support employers in recruitment and staff training, as the Employment Rights Bill still has key measures to be decided in secondary legislation. By working together, we can navigate these challenges and ensure a strong and resilient employment market for everyone.
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