Good evening Everyone.
In response to the Chancellor’s unprecedented package of financial measures to support workers, Peter Cheese has made the following statement:
CIPD welcomes unprecedented support for workers and urges employers to hold their nerve while funds arrive
As Peter says...
“The challenge now is the speed with which employers can access these funds to avoid redundancies being made, given it could be the end of April before they become available.
“Employers need to hold their nerve in this challenging time and make every effort where they can to retain their staff while waiting for the job retention funding to come through. Concerns over immediate cashflow and payroll challenges should be met by the business loans announced by government, which should be available in a matter of days."
I've lost count of the number of times I've uttered the word "unprecedented" in recent days. My head is spinning.
Please do let us know what you think of the latest Government announcement... and share your thoughts and concerns below.
Finally, I just wanted to say that all of us at CIPD would like you to know we stand with you at this time.
