More than a quarter of UK businesses said “inflation of goods and services prices” was the main concern for their business in a May ONS survey.
Because of this, many businesses are looking to make redundancies this year. In fact, Acas has recently found that nearly one in five employers (18%) are likely to make staff redundancies over the next year.
But experts at Citation say redundancy isn’t the only way forward – there’s a range of other alternatives that could better fit your situation and goals, and still help you access the cost savings you really need.
So, Citation’s HR & Employment Law experts have created this handy resource to help you work through the decision-making process and find the best fit for your business, covering situations such as:
• Experiencing long-term reduced demand?
• Looking to revise your benefits package?
• Experiencing temporary reduced demand?
• Needing to save money but unsure on how?
This guide will explain your best next steps, so you can access the savings you need while protecting your business and reputation.
If you’d like to chat about how Citation can help with the HR and Health & Safety side of your business, contact firstname.lastname@example.org