Cutting Workforce Costs | redundancies, settlements and changing T&Cs

For many companies, their employees are their greatest asset but also their largest expense, so it’s hardly surprising that this is where many employers start when contemplating cutbacks. It’s worth noting that there are many creative ways employers can approach cost-cutting exercises, from restructuring teams by making some roles redundant to agreeing adjustments to pay, bonuses and hours. As a result of remote working, some employers are even questioning whether they can legally pay employees less on the grounds that they no longer have to commute to a location of work.

Cost-cutting exercises where workforces are concerned are never an easy decision, so it’s vital that you consider all available options available and understand how to navigate each of these correctly to avoid disputes and legal action.

In this free 45-minute webinar, Employment Law Adviser and Solicitor Tina Byrne will help you get to grips with the legal dos and don’ts and guide you through:

• How to conduct a fair redundancy process – including collective consultation requirements
• When to consider a settlement agreement, what this should include, and what to do if an employee refuses an offer
• Changing terms and conditions of employment, including pay, hours, bonuses or other benefits and job titles or duties
• Common mistakes employers make when seeking to cut costs and how to avoid them
  

At the end of the session, Tina will be taking your questions in a live Q&A. In recognition of the limited time available, we recommend submitting these in advance so we can answer as many as possible during the session.