Is redundancy right for your business? Or could there be a better option?

Thursday 29 September 2022 -

More than a quarter of UK businesses said “inflation of goods and services prices” was the main concern for their business in a May ONS survey.

Because of this, many businesses are looking to make redundancies this year. In fact, Acas has recently found that nearly one in five employers (18%) are likely to make staff redundancies over the next year.

But experts at Citation say redundancy isn’t the only way forward – there’s a range of other alternatives that could better fit your situation and goals, and still help you access the cost savings you really need.

So, Citation’s HR & Employment Law experts have created this handy resource to help you work through the decision-making process and find the best fit for your business, covering situations such as:

•             Experiencing long-term reduced demand?

•             Looking to revise your benefits package?

•             Experiencing temporary reduced demand?

•             Needing to save money but unsure on how?

This guide will explain your best next steps, so you can access the savings you need while protecting your business and reputation.



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If you’d like to chat about how Citation can help with the HR and Health & Safety side of your business, just give them a call on 0345 844 1111, or fill in their call-back form, and they'll get right back to you.