How to cut employee costs before considering redundancies

Most small businesses will only make staff members redundant when all other options have been exhausted. While it is not always possible to avoid this unfortunate scenario, there are still a number of steps a business can take to lower the chances of it happening.

Employee cost is generally the largest expense suffered by any business. However, it is also a cost that, with some careful reshuffling, many businesses could cut dramatically. This guide sets out to give you an insight into how this may be achieved – and without the need for redundancies.

Part 2: Trading salaries for benefits>

Covered in this guide

Part 1: Introduction

Part 2: Trading salaries for benefits

Part 3: Holiday schemes

Part 4: Flexible working hours

Part 5: Reviewing benefits structure

Constructaquote.com is a trading title of Moorhouse Group Ltd which is authorised and regulated by the Financial Services Authority. The Financial Services Authority's Register can be accessed through http://www.fsa.gov.uk/Pages/register Reg No 308035.

Home |Sitemap | Accessibility | Terms & Conditions

Products & Services

Liability Insurance – This insurance can provide you with employer’s liability and product liability insurance. We offer a highly competitive standard package with optional extras.
Public Liability Insurance – Public liability is essential insurance for many businesses, especially those working closely with the public. We offer cover of £1m, £2m, £5m, or more on request. Only pay for what you need.
Employers liability insurance - If you have employees working for you, you are legally obliged to have employers liability insurance. We provide you with £10m of employers liability so you can rest assured you’re fully covered.
Shop Insurance – Retail insurance is a package of policies covering employer’s liability, public liability, business interruption and building insurance. Retail insurance is important for any business with premises. We offer a range of policies from top underwriters.
Professional Indemnity Insurance – This type of policy protects your business against claims for loss or damage if you are found to have been negligent in your duty. This is particularly important if your company imparts professional advice. Our policies cover businesses for a range of circumstances and are very competitive.
Restaurant Insurance – Our restaurant insurance packages can be tailored to your specific business needs. We provide you with a range of restaurant insurance options, from liability and business interruption insurance, to money and glass cover.