Job cuts expected in Britain - Due to the launch of labor market reforms
More than one in three employers in the UK plan to cut permanent staff due to costs introduced by the government's employment law reforms, a survey has shown.
The Institute of Personnel and Development, a professional body for the human resources sector, said overall employment targets remained at their lowest level ever recorded, excluding the first year of the COVID pandemic, adding to the risks that a continuing labor market slowdown will deepen.
Prime Minister Keir Starmer's Labour government secured parliamentary approval for its Employment Rights Act in December. Original plans for protections against unfair dismissal for young workers were watered down, but new rules on sick pay, zero-hours contracts and trade union rights remained in place.
According to the survey, three in four employers expect the reform to increase employment costs and more than half said it would increase workplace conflict.
The government's estimated total cost of reform of £1 billion does not reflect the full burden on employers, including updating internal policies, communicating with staff and training managers.
"It is important that the government acts to mitigate these potential negative consequences, including meaningful consultation and, where necessary, compromises on key measures that have not yet been set out in secondary legislation," the Institute of Personnel and Development said.
The average base salary increase remained at 3% for the seventh consecutive quarter. The survey of 2,082 employers was conducted between December 18 and January 16.
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