With cash tight and markets shrinking, employers are looking at all their overheads with a view to cutting unnecessary costs wherever possible.
For those of us old (or should I say mature!) enough to remember previous recessions, this one has a different hue about it. Employers are aware that a recruitment crisis isn’t too far behind them. They do not want to lose skills when this can be avoided. In the past, employers' main response to downturn was redundancy. Many are looking at alternatives.
New inheritance rules announced by the Ministry of Justice continue to ignore unmarried partners of people who die without a will, despite marriage rates falling to their lowest level for more than 150 years.
We recently hosted a breakfast roundtable event in conjunction with Lancashire Business View. With the recession biting deep we brought together a number of experts to examine the strategies needed to ensure profitability in the current economic climate.
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