Business management

Redundancy consultation review risks increased unemployment

Cutting consultation times during collective redundancy procedures could increase job losses and damage staff morale, the Trade Union Congress (TUC) has warned.

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Businesses encouraged to join Government’s prompt payment drive

The Department for Business Innovation & Skills (BIS) is launching a new initiative to promote wider cooperation between businesses and suppliers so that payments are received on time.

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Business confidence rises despite economic fears

Businesses remain confident of their prospects for the next six months, despite losing confidence in the global economy.

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Late payment legislation to be brought forward

Late payment legislation designed to help prevent late payment of invoices and unfair payment terms will be introduced a year early, a Government minister has revealed.

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Executive pay to be scrutinised

Business secretary Vince Cable has published a discussion paper into executive pay in a bid to 'call time on pay outs for failure'.

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Plans to reduce reporting obligations for smaller firms

Countless numbers of smaller businesses could find themselves faced with a much simpler system of reporting their financial position if Government proposals get the go ahead.

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School leavers lack employability skills

Concerns over the skill levels of school leavers have been heightened by a new report which indicates that employers are increasingly unwilling to take on young recruits.

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Small firms unprepared for change to retirement age

Large numbers of smaller employers are not ready for a major change in employment law which comes into effect as from October.

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Employers offered guidance on new pension regulations

The Pensions Regulator has issued guidelines for employers on how to deal with the upcoming new mandatory, auto-enrolment workplace pension scheme.

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