Summary
EMPLOYERS should approach compulsory redundancies with caution as the full costs of sacking staff quickly add up. On top of the obvious statutory and contractual redundancy payouts, there are hidden costs such as having to recruit and train more staff when conditions improve again. It may make more sense to look at redeploying staff, or offering temporary cuts in hours or pay.
Cuts in interest rates and taxes, bank rescues and bringing forward infrastructure spending will in time boost the economy and employment.See the full content of this document
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The Government is also tweaking services for ...
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