The CIPD’s Chief Economist kicks off the first CIPD podcast of 2014, with a cautiously optimistic note for the next 12 months. Mark Beatson tells us that employment growth may well continue, but that with average earnings still falling in real terms, it’s the productivity deficit that employers really need to tackle.

We also look ahead with Peter Cheese, who discusses how he believes that the improved economic outlook gives HR professionals the space to think more strategically. Peter also rounds up some of the CIPD’s key priorities for 2014, including the ‘Valuing your Talent’ project, aiming to provide a framework for human capital measurement, and the CIPD’s commitment to providing clearer membership propositions for people management professionals at all stages of their career.