Talent management | Last resort redundancies: plan now, or pay more later?

Are redundancies an increasingly likely conclusion to the Covid-19 crisis for your business? Make UK warns employers faced with the last resort of redundancies that they have no time to lose when it comes to project planning.

Why plan now?

Time is running out for financial support under the Government’s furlough scheme and, for some employers, the clock may also be ticking on collective redundancy consultation with affected employees. If employers don’t factor this in and plan ahead, they could incur additional costs and, in some cases, financial penalties.

Reduction in furlough support