People Plus Blog
Happy Holidays! (But no money to spend…)
From the 1st of April 2009 the minimum holiday entitlement will increase from 4.8 weeks (20 days) to 5.6 weeks (28 days) NB. This can include bank holidays and is pro-rata for part-time employees. This increase will benefit a large number of employees across the UK and with an increasing focus on the importance of work life balance for employees across all sectors, this will hopefully boost morale in this economic downturn.
However, at the same time, 61% of businesses have reported in a recent ‘personnel today’ survey that they would be implementing pay freezes and cutting hours in response to the credit crunch and in an effort in some areas to reduce the number of full redundancies. The outlook continues to be gloomy and it is predicted that more initiatives to reduce redundancies will be implemented across the UK. The most common at present have been reduced working hours across departments with falling levels of work, the option of taking a sabbatical with a limited amount of pay and pay freezes.
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