Fleible approaches to reducing employment costs in times of negative growth

The length and depth of the recession remain uncertain. Employers hope always to make the most efficient use of their employment resources and in times of recession redundancies may be unavoidable. However, there are more flexible alternatives available to you that may be less difficult to reverse when your business returns to positive growth. Have you ever considered re-negotiating and varying employment terms? Employers can sometimes underestimate employee loyalty and your employee’s expectations may be less fixed than you imagine. The cessation of certain voluntary perks, the reduction of overtime and the use of short-time or agreed lay-off arrangements may be possible, if properly provided for. We can advise you how to achieve the best solution for your needs in a legally enforceable way.

For further information or advice please contact our employment law teams: Bromley Office  0208 464 4242 or London Office   0207 242 7265 or email employmentlaw@wellerslawgroup.com

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Wellers Law group LLP in Bromley, Kent (part of the Wellers Law Group) - areas covered - Kent, Beckenham, Orpington, Bromley, Chislehurst, Keston, Swanley, West Wickham, Tunbridge Wells, Croydon

Cooke Matheson Solicitors in Gray's Inn, London(part of the Wellers Law Group) - areas covered - London - City, Westminster, Gray's Inn, Surrey