Tags: Costs

Redundancies since start of jobs recession cost UK employers £28.6 billion

In its latest Work Audit report, published today, the Chartered Institute of Personnel and Development (CIPD) looks at the impact of the jobs recession that began in 2008 on employers, workers and the economy as a whole. The report, Counting the cost of the jobs recession, based on official statistics and CIPD survey evidence, finds:…

Calls for state pension levy to be dropped

The levy on state pensions should be lifted, saving pensioners around £1,000 a year in Income Tax, according to the Office of Tax Simplification (OTS). Tax advisers for the Treasury said that the current rules for those in retirement are confusing and many feel that the deduction is unjust. More than five million people on…

What are the true costs of money diets within the business world?

According to the latest figures from the Office for National Statistics (ONS), in September, UK retail sales rose by 0.6%. For me, this begs the question… are we now buying again because we had put ourselves on such a big spend diet? Obviously these statistics refer to consumer shopping, although, it did get me thinking…

Employment tribunal claims relating to part time workers trebled last year

Employment tribunal claims relating to part time workers trebled in the last year alone, according to law firm EMW. Employment Tribunal cases brought under the Part Time Workers Regulations jumped from 530 cases in the year to March 2010 to 1,600 cases in the year to March 2011. EMW explains that the increase in claims…

Lack of UK engineering skills is set to hamper future business growth at BP

Talent shortage is a barrier to expansion in North Sea, says oil giant. The oil giant is planning to create between 150 and 300 jobs a year to help fuel an expected increase in production, but difficulty recruiting the necessary talent is a potential barrier to expansion, said Trevor Garlick, head of the company’s North…

Cost-training failed: UK Firms are still under threat

Despite three years of cost-cutting and indecision UK firms have failed to create a culture of cost consciousness within their organisation, this is having a negative impact threatening to reverse the savings made during the recession, according to research from KPMG. The research released reveals a workforce not empowered or equipped with the tools and…

Employers reduced recruitment costs

It is needless to say that more than half of employers are cutting costs across their businesses; within this many are equally devoted to reducing the cost of their recruitment. According to the 2011 XpertHR survey it shows that the continuing economic uncertainty and budgetary difficulties experienced by most employers have produced inevitable pressure on…

Consultation opens on cost recovery scheme for health and safety interventions

The HSE has today opened a three-month consultation on how cost recovery for intervention will work, having already agreed the underlying principle with Government. The new scheme could apply from as early as April 2012. For the first time, the changes place a duty on the HSE to recover the costs of their interventions in…