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Freeze minimum wage, business group urges
The British Chambers of Commerce (BCC) is urging the Low Pay Commission to push to keep the National Minimum Wage at its current level next year and until economic conditions have significantly improved.The BCC has calculated that raising the minimum wage at the same rate as this year would cost businesses £300m.It argues that hard-pressed businesses would be unable to afford a wage increase anywhere n...
News | 29 Dec 2008
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Retail group calls for minimum wage freeze
...add to that burden. “Our survey provides further evidence that when costs go up retailers’ scale back their ambitions for growing their business, fewer people get employed and less investment is possible. At a time when we need to focus on growth the best thing the Low Pay Commission can do is freeze the minimum wage until at least 2014.” The Low Pay Commission’s call for evidence to support its report and recommendation closed recently. The LPC will hold hearings throughout October and November and will make a recommendation to ministers in the spring of 2012.
News | 20 Sep 2011
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Grinding to a halt: Why Government policy risks bringing business to a standstill
...ent grants for 2011/12 and face a total funding shortfall of £6.5bn over the next year. Such stringent cuts will of course affect anyone who utilises public sector services and will be felt most dramatically by those working within the public sector, which will have to cope with job losses and pay freezes. But as our feature beginning on p.18 explains, employers within the private sector are sure to suffer the repercussions of this new age of austerity. Two areas of particular concern to employers are an escalation in industrial unrest and a surge in Employment Tribunal claims. A recent survey foun...
Magazine issue | 4 Jan 2011
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Companies urged to adopt London Living Wage
...uring the recession. Melvin added: “Although paying staff the London Living Wage will be an extra cost to businesses and result in some additional admin work for payroll, in this economic climate it is vital for businesses to invest in their key staff particularly in light of the number of pay freezes which are happening across the board. “Recruitment is one of the biggest costs to companies so businesses need to think beyond our current situation to the economic recovery and the importance of investing a little now to keep the morale high and show employees that they are valued.” The IP...
News | 4 Jun 2009
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Budget needs to focus on private sector, says BCC
... effective support with credit insurance is crucial. In a comprehensive package of measures, the BCC sets out the policies it believes will lead to a sustainable national recovery. Some of the key points in the Budget submission include: Short-term fiscal measures to help with cash flow such as a freeze in the national minimum wage, the reintroduction of empty property rate relief, a reduction in the rate of small companies’ corporation tax, and a reversal in the planned increase for National Insurance Contributions in 2011.A form of government guarantee scheme for credit insurance, which will e...
News | 21 Apr 2009
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Reality bites: managing in a recession
...or notes that record your efforts to find suitable alternative employment and remember that women on maternity leave have priority for available jobs. Give affected employees the opportunity to apply for all vacancies, not just those at a similar grade. Follow the statutory dismissal procedure as a minimum if you don't the employee can get an extra 10-50% in compensation at the Employment Tribunal's discretion. If you want to offer the employee money to 'go quietly', make sure they have agreed to have that conversation with you on a 'without prejudice' basis. Check that any compromise agreement yo...
Magazine issue | 6 Nov 2008
