Watch out for the REAL cost of redundancy - £16000+ per employee!

A recent report from the Chartered Institute of Personnel and Development (CIPD) urges employers to plan for recovery by retaining their people, rather than downsizing and so risking long-term damage to their business.
The CIPD has estimated the real cost of redundancy can reach £16,375 per employee laid off, even before hidden costs like higher labour turnover and a fall in staff productivity are added in.
Redundancy is itself a significant cost to most organisations. This is particularly true if redundancies are an employer's first resort in difficult times and have to be quickly reversed by renewed hiring when economic conditions improve.

Visit www.cipd.co.uk for information.