Radical employment proposal: Share swap for less employment rightsOctober 2012
From April next year, Private Sector employees will be able to forfeit some employment rights in exchange for a stake in the firm they work for. The Chancellor believes that the owner-employee contract would be ideal for staff in fast-growing firms.
The thinking behind the scheme is that workers would be more closely linked with the success, or otherwise, of the company they worked for, and so be more engaged.
Companies of any size would be able to use the new contract, with a planned start date of April next year. Employees would be given shares valued at between £2,000 and £50,000, which would be exempt of any capital gains tax.
In return, staff would have to give up some employment rights such as:
- Cover for unfair dismissal and redundancy
- The right to request flexible working and time off for training
- Increasing Mothers weeks' notice of the date they are to return from maternity leave from 8 to 16 weeks.
New National Minimum Wage rates from 1 October 2012August 2012
There are different levels of the National Minimum Wage (NMW), depending on your age and whether you are an apprentice. The new rates from 1st October 2012 are:
£6.19 - the main rate for workers aged 21 and over
£4.98 - the 18-20 rate
£3.68 - the 16-17 rate for workers above school leaving age but under 18
£2.65 - the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship
Kennedy Healthcare is awarded ISO9001 accreditationAugust 2011
Kennedy Healthcare is delighted to have been awarded the ISO900:2008 accreditation for their Quality systems and processes. This is an update to their previous BS Accreditation.
Reggie Patel, managing director at Kennedy commented "We are pleased to receive this accreditation. Over the years we have developed state-of-the-art systems to manage our recruitment contracts, temporary workers and of course to help us manage new requirements such as the Agency Workers Directive.
"Although our clients, candidates and temporary workers will never encounter these processes and systems, without them we would not be able to manage the huge numbers of placements and vacancies we do."