Cost Reduction

The current economic situation has challenged many businesses to carefully examine and reduce all operating costs. In an effort to stay competitive or indeed just to stay in business many employers find themselves with no choice but to reducing staffing costs. Redundancies are now on the increase and employers and employees have to realistic about the new business reality and work together to reduce costs to protect jobs now and in the future. A major challenge for employers is how to reduce staffing costs and still retain valuable staff while also improving productivity and commitment.

How we work with clients:
We work with clients to identify the different options that can be considered to achieving costs savings within the business. We provide support on how to engage with staff to support the necessary changes and to aware of the legal issues that may arise where such issues are not dealt with properly.

Cost Reduction options can include changes to any of the following:

Terms and Conditions of Employment:Salary Reductions & Pay FreezesBonusPensionReduced working hoursReduced overtime

Introduction of Flexible Working Options: Part Time Job Sharing FlexiTimeTele/Home Working Career Breaks Term TimeStudy Leave Paternity Leave

Redundancies:Short TimeLay OffRedundanciesOutplacement support

Outsourcing

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