Restructuring your team
Consider how you can restructure your business and your team to avoid losing staff during tough times. This could include reassigning work flows, or encouraging flexible work options such as working part-time and job sharing. If you’re making staff redundant, there are services available to help you and your people through the changes.
Staff are a valuable asset for any business and it’s important to retain talent for your business to succeed. This article helps you think about how to use your staff differently instead of reducing staff numbers.
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Assess your business to identify what you can do to improve productivity. The Productivity Snapshot tool will give you good ideas on how to motivate your staff and run your business more efficiently.
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If you employ 50 or more staff your business may be eligible to take part in the Job Support Scheme, also known as the 9-day fortnight. The Scheme provides an allowance to supplement the income of employees who have agreed to reduce their working hours for up to six months. Read this article for more information and find out how to apply.
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Job sharing is a good option for retaining staff in tough economic times. Offering job sharing can help you keep qualified people while reducing your costs for salaries. Read this article to understand how job sharing works and how it can benefit your business.
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If you’ve decided it’s necessary to make staff redundant you’ll need to comply with redundancy laws. Here’s an overview of when you can use redundancy to end an employment relationship and information about the redundancy process.
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Redundancy is a difficult situation for business owners and staff involved. Work and Income provide a free service to offer advice on how to manage these changes and help your employees find new jobs.
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If your business is struggling financially you’ll be looking for ways to cut costs. Making staff redundant may seem like an obvious option, but the costs of cutting staff could be greater than the savings you would make. Think about alternatives to redundancy that will benefit your business as well as its people.
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