By Daniel Pollard - 19 October 2020
UK employers consulted with staff on nearly half a million redundancies during the pandemic - roughly 1.5% of the working population. The true number will have been much higher as small-scale redundancies are not captured by government statistics. The furlough scheme will have given many employers an opportunity to pause but as the scheme comes to an end, employers face some tough choices.
Over recent months we have seen a huge amount of creativity from our clients in finding ways to minimise redundancies. Over the next couple of weeks we will share 12 possible strategies adopted by our clients and some thoughts of our own to help reduce cost without compulsory lay-offs.
1. Claim Government Help
This is perhaps an obvious point but with the government reportedly pumping £14bn into the economy each month this must be the first item on the list.
The main “furlough scheme” has now been closed to new entrants and will end on 31 October 2020 but support for employers remains:
Larger businesses only qualify if their turnover is adversely impacted by Covid-19. The scheme is extended to run for 6 months.
For all 12 ways to cut HR costs without redundancies click here.