The Big Stay? | 'Great resignation' gives way as staff turnover & vacancies set to decline

Workers are increasingly staying put in their current jobs and more employers are holding steady on staffing levels as the labour market slows.

According to the CIPD’s latest Labour Market Outlook report, more than half (55%) of employers are looking to maintain their current staff level - the highest level since winter 2016/17.

The CIPD's new report, based on a quarterly survey of 2,009 employers, also cites data from the ONS vacancy survey and analysis on turnover from the Labour Force Survey, with all indicators pointing to lower staff attrition in 2024 and trends returning to pre-pandemic levels.

In response to this employment context, the CIPD is calling on employers to focus on upskilling opportunities to retain and develop their existing workforce.