The new national minimum wage of £12.21 for over 21’s has come to effect this month.
And next week the Employer’s National Insurance contributions (NIC) will increase from 13.8% to 15%.
Made a little worse by the threshold for when NIC applies reducing to earnings of £5000 from the previous £9000.
The British Retail Consortium (BRC) estimates retailers in the UK will face a cost surge of £2.3bn from this measure alone.
Employing people has never been more costly.
People are the most vital asset of any business and being paid fairly for work is what everyone wants.
The world is uncertain at the moment, perhaps never more so.
Businesses have a difficult job planning for growth with all these headwinds and it can be no surprise cost cutting measures are top of the board’s agenda.
Investments and other commitments are being scaled back given the current climate and it is probably wise to do so. The effect of such defensive steps is felt across the wider economy and will ultimately lead to only the fittest surviving.
Vitesse can play in a part.
We can help employers to get the most from the people employed in warehouse operations – we might even be able to conserve some jobs.
Vitesse will help to ensure time is spent productively – there is a large amount of lost and unaccounted for time in warehouses which is trapped in perpetuity if the warehouse is running on a units per hour measure.
Vitesse can help to ensure people are working to targets so the cost to serve customers is optimal – staying or becoming more competitive is of paramount importance.
It takes about 7 weeks to implement Vitesse and the ROI will be felt quickly, within 12 months for sure.
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https://uk.linkedin.com/company/vitesse-software
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