Redundancy is a tried and tested method for reducing cost in a business. However, it can be expensive and risks losing valuable staff, not to mention the negative impact on staff morale and reputational issues.
As leisure, food and drink operators transform their businesses in response to the pandemic, there could also be opportunities for redeployment to support new growth areas.
In this presentation, Ed Cotton walks through the various alternatives to redundancy and explains why they might deliver a more favourable outcome, especially if you’re looking for a more short-term solution.
He explains how they work, his experiences and shares his advice.
If you'd like to skip to certain sections, you can use the timestamps below:
Beyond Brexit: services trackerRead more
Beyond BrexitRead more
Are you ready for the immigration shake-up?Read more
Transforming the leisure sectorRead more
Furlough - further changes and new Treasury DirectionRead more
The Caterer People Summit: People, pay and privacyRead more
Second lockdown in England: HR implicationsRead more
Brexit and immigration - EU Settlement Scheme updateRead more
Brexit, EU-UK future agreement and mobile employees: how will social...Read more
The widespread disruption and closure of businesses caused by the Covid-19 pandemic and the subsequent national and local lockdowns has brought into sharp focus the question of available insurance cover for losses under...Read more
Helping you navigate your business through the risks and opportunities that Brexit will bring.Read more
Watch our video series for information on the legal issues that are affecting the real estate sector. Each...Read more
The way people shop is constantly evolving, from the growth of online and the changing use of stores...Read more
The pandemic has had a deep and long-lasting effect on the leisure, food & drink sector, forcing operators to embrace new ways of attracting and servicing customers.Read more
The pandemic has forced the majority of the workforce into a world of remote working. As a result, our cities are evolving.Read more
Our countdown to Brexit and beyond podcast series looks at the impact for businesses on both sides of the pond of any free trade agreement between the UK and Europe and the UK and the US. ThisRead more
There's a growing demand for retailers to do more to attract the Purple Pound – the collective spending power of disabled shoppers, estimated to be worth around £274bn. We look at the opportunities, the legal issues and...Read more
Green finance is gaining speed, driven by global climate change pressures and the recognition of the vital role which sustainability plays in a resilient financial services sector.Read more
We provide strategic and business as usual advice covering all aspects of employment law, as well as dealing with disputes, mediations, complex tribunal claims.Read more
Our team has experience in all areas of restructuring, whether involving redundancies and reduction in staffing levels, or a change in benefits and terms and conditions.Read more