Tags: Costs

Too many managers cut costs rather than promote growth

MPs and business leaders will be putting managers and leaders under the spotlight with the launch of a new cross-party Parliamentary Commission. The Commission, led by the All-Party Parliamentary Group on Management (APPGM) and the Chartered Management Institute (CMI), will explore why too many managers end up cutting costs, rather than promoting growth and employment.…

Government could save £70billion by eliminating paper and going digital

The government could save as much as £70 billion by 2020 if it adopted plans to eliminate paper and digitise its activities, work smarter with fewer staff in Whitehall, shop around for the best procurement deals, and accelerate the use of data and analytics. A Policy Exchange report, Smaller, Better, Faster, Stronger, shows how the government…

Aviva launches GuideWell – making PMI more sustainable and affordable for large corporates

Aviva has launched a new private medical insurance product for large employers. GuideWell, which uses an open referral pathway to manage claims costs and deliver sustainable and competitive pricing, will provide employees with an easier claims journey that promises no shortfall on hospital charges or specialist fees. The new PMI product, which is available in…

FSB concerned at cost to small firms after flooding hits parts of the UK

FSB National Chairman meets businesses in York devastated by the latest flooding and calls for better insurance cover Small firms need insurance protection against flooding as the Federation of Small Businesses (FSB) raises concerns that many businesses in high-risk flood areas cannot get adequate insurance cover and will have to pay out themselves to repair…

Increasing pension costs becoming more of a concern

The Chartered Institute of Personnel and Development (CIPD) latest survey has found that ‘employees do not appreciate the value of the total reward offering’ is considered to be the biggest concern for reward professionals for the second year running, while the worry over ‘increasing pension costs’ is on the rise. The Reward Risk survey goes…

CIPD’s reward risk survey finds increasing pension costs are now a bigger concern than attraction and retention

Ensuring benefits packages are engaging and motivating has become a greater concern for reward professionals than attracting and retaining staff. The latest Reward risk survey from the Chartered Institute of Personnel and Development (CIPD) reveals that ‘attraction and retention of key employees’ has fallen out of the top ten list of concerns for the first…

Relaxation of health and safety checks could cost business dearly

The government’s “massive” reduction in the number of inspections carried out on low risk environments such as shops, restaurants and takeaways could lead to reduced health and safety standards and more accidents, the health and safety expert Bibby Consulting & Support has warned. Routine checks on businesses used to be carried out by the local…

New workplace accident scheme could cost firms £43.7 million

New laws designed to recover the estimated £44 million annual cost of investigating workplace accidents could cost Scottish businesses thousands of pounds, according to Central Insurance, Scotland’s largest independent commercial insurance broker. Central Insurance said the Health and Safety Executive’s new cost recovery rules underlined the need for Scottish companies to put in place comprehensive…

Locum doctor costs spiral due to workforce planning failures

NHS Professionals’ report calls for trusts to address the underlying causes of high levels of locum spend Trusts are failing to grapple with the real causes of locum spend reveals a report by NHS Professionals. The report contends that trusts are only dealing with ‘one tenth of the problem’ with uncoordinated approaches to managing agencies,…

Nick Roi: Cost-effective onboarding

If you are not familiar with the word ‘onboarding’, the chances are you will have come across the concept under another umbrella term such as ‘orientation’ or ‘induction’. However each word does have a slightly different connotation; while orientation refers to a hire’s first day in their new role, onboarding is the practice of integrating…

Childcare costs cause a third of parents to consider quitting job

Ever increasing childcare costs are threatening the workplace inclusion of new parents, a study suggests. Published by Daycare Trust and Mumsnet, the report reveals that over a third (38 per cent) of parents have considered quitting their job because of childcare costs and more than one in ten (12 per cent) have actually done so.…