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Welcome
to Park City’s February Newsletter. Thank you for your
reactions to last month's newsletter, I really
value your feedback. February's newsletter contains legal advice, free
policies and news which every employer should know. This month's
highlights include;
The CIPD’s latest ‘Labour Market Outlook Survey’ has revealed that
redundancies are set to double in the 1st quarter of 2010, with employers from all sectors planning to cut their workforce by 6%.
I
agree with John Philpott, (CIPD's Chief Economic Advisor) that the
key to good HR planning is to strike a balance between cost reduction,
quality and skills. Importantly you should remember that
redundancy is not the only option. There are other strategies that Park City would advocate first.
Firstly,
you could introduce Flexible Working, allowing employees to be flexible
in their employment arrangements, such as; job sharing, part-time
working, home working, sabbaticals, and flexi-time. Secondly, you must
be transparent with your employees, keep them informed and involved in
decision making and let them know about any changes as soon as
possible.
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