costs

Employment Law Cost Puts Sole Traders off Expansion

A new survey of sole traders reveals that the cost of employee pension plans, sick leave and worker-friendly dismissal rules are deterring some small businesses from becoming employers, leading to calls by business organisations to exempt micro-firms from some employment rules. The British Chambers of Commerce (BCC) polled over 1,000 sole traders to find out what they really think about hiring people. Almost a third of respondents named the forthcoming compulsory pension payments to employees as their main barrier. From 2012 onwards, firms will have to start paying 3 per cent of each employee’s monthly salary into a pension pot — and manage employee contributions and the fund. Under the new law, businesses with fewer than 250 employees start contributing in 2014. Dr Adam Marsha... »

A Guide to NVQs for Business

A Guide to NVQs for Business

National Vocational Qualifications (NVQ) can offer a range of benefits to your business – they are nationally recognised qualifications covering almost all occupations, from customer service all the way up to business management. Because of this, even the smallest firms can benefit from NVQs in some way; most will have some staff who could benefit from a customer service-based NVQ, at least. What can NVQs offer my business? Essentially, NVQs can measure whether someone has the competence to do their job according to a set of standards, which are based on work performance. These standards are agreed and set according to industry, and are generally measured in different modules or ‘units’, each representing a different area of work performance. For example, the core units for the ‘Health and... »