Increasingly, though, money is not the only issue. Many other people manage on £18,000 per year. What is critical in the long term is the overall package that employment brings: issues like arrangements for travelling time, holidays, pension scheme, healthcare, and training, may be just as important to retaining staff.
The IFA has recognised that pay is not necessarily the biggest problem: it now expects employers to offer
• 37.5 hour average working week
• Employer pension contribution of 6%, subject to any reasonable qualifying period
• 20 days annual leave excluding statutory holidays
• Minimum sick leave allowance of 1 month on full pay, subject to any reasonable qualifying period
Step 10: how do you treat your staff?
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