The precarious nature of the current market is highlighted by the Chartered Institute of Personnel and Development (CIPD) Labour Market Outlook survey of more than 1,000 employers, conducted by YouGov which shows that 31% of private sector firms have maintained staff levels higher than is required by their current level of output during the past year to maintain the skills base within the organisation, but 62% of private sector firms feel that they would be forced to cut back on labour if output or service delivery does not pick up in the next year.
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