Firms throughout the UK face losing an astounding 71% of their workforce if they cannot provide the flexibility that employees have grown accustomed to over the last year. However, this is something that will affect businesses globally.
The pandemic encouraged many of us into flexible working and, as restrictions continue to lift and employees return to the office, employers are anticipating an influx of requests around working remotely and flexibly.
It is therefore vital that employers accurately track absence and manage it effectively to reduce costs, such as loss of productivity and paying other staff overtime. Being informed is the best way to manage costs and ensure that absence rates don’t get out of hand.
On September 9, 2021, President Biden announced a plan to require all private employers with 100 or more employees to ensure that their workers are fully vaccinated against COVID-19 or produce a negative COVID-19 test each week.
With job vacancies reaching a record high
SME’s are now less worried about laying off staff; in March 2021 25% of firms saw it as their biggest challenge but this has now reduced to only 14%.