HRreview Header

BCC requests government intervention to prevent companies losing ‘key staff’

-

The British Chambers of Commerce (BCC) has called for the government to intervene to prevent more companies losing employees in the current economic crisis.

David Kern, chief economist at the BCC was commenting in the light of figures released by the Office for National Statistics which showed that unemployment rates rose by 6.3 per cent in the last three months of December.

Mr Kern said that businesses are keen not to "lose key staff" but are being hampered by lack of cash-flow.

He suggested that the government needs to intervene by "cutting business rates, freezing the national minimum wage and scrapping plans to increase National Insurance".

 

HRreview Logo

Get our essential daily HR news and updates.

This field is for validation purposes and should be left unchanged.
Weekday HR updates. Unsubscribe anytime.
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

 

All of these measures, he said, would help companies to "keep hold of employees".

Specialist financial and banking recruitment consultancy FSS recently said during the recession employers need to provide their staff with "reassurance and good communication".

Latest news

Middle East air disruption leaves UK staff stranded as employers weigh pay and absence decisions

Employers face complex decisions on pay, leave and remote working as travel disruption leaves British staff stranded in the Middle East.

Govt launches gender pay gap and menopause action plans to help women ‘thrive at work’

Employers are encouraged to publish action plans to reduce pay disparities and support staff experiencing menopause under new government measures.

Call for stronger professional standards to rebuild trust in jobs

Professional bodies call for stronger standards and Chartered status to improve trust, accountability and consistency across roles.

Modulr partners with HiBob to streamline payroll payments

Partnership integrates payments automation into payroll workflows to reduce manual processing and improve pay day reliability.
- Advertisement -

Jake Young: Strong workplace connections are the foundation of good leadership

Effective leaders are, understandably, viewed as key to organisational success. Good leaders are felt to improve employee engagement, productivity and retention.

AI reshapes finance jobs as entry-level roles come under pressure

Employers prioritise digital skills over traditional accounting as AI reshapes finance roles and raises concerns over entry-level opportunities.

Must read

Florence Parot: Using technology

Last time we looked at how best to use our electronic devices at work. But there is also something to be said for how we use them outside work. Not only for our general life balance but also because that balance in itself will affect how efficient we can be at work. Our brain can only take so much as we have emphasized over the past months.

Andrew Jones: Discussing the impact of COVID-19 on CSR

"If there was ever a time for companies to do right - it’s right now – as more than ever, individuals are taking note of the way businesses respond to the current crisis."
- Advertisement -

You might also likeRELATED
Recommended to you