Well, yesterday, the Chancellor took to the podium at the Tory Conference to astound those of us in the HR world. He announced that from next April the Government were going to look at introducing a new type of Contract of Employment. What say you dear sir – a new Contract of Employment.
This is or was news, which the mainstream press have largely ignored, but would represent a complete sea change in UK Employment Law.
In short, it looks at an either existing or new employee’s from next April onwards giving up their enshrined (and some would say hard fought for) employment rights for Unfair Dismissal, Redundancy, and the right to request Flexible Working and Training. Women meanwhile have to give twice as much notice for when they want to return to work, from 8 weeks to 16 weeks.
If you are a new employee from April next year, your employer can insist that you take this kind of contract, whether or not you wish to, you would have no choice. Existing staff, can refuse, so they are at least lucky in that respect.
In return, you, the employee gets from £2000 in shares in your company.
It doesn’t have any more meat on the bones than this. So no word on who pays for these initial shares, or are they just gifted? No word on what happens once you get dumped. After all, you have no employment rights, so you can’t complain to a Tribunal. How do you exert any pressure on your employer once they have sacked you for payment for your shares?
Lots more to come on this one we think, here at Absolutely Towers.
The Government are so hell bent on getting rid of large swathes of public sector employees, that they are now trying anything to now remove the burden on the State. Once they dismissed (at large cost of redundancy etc) their now non required public sector employees, they are having to pay for them still in the form of welfare benefits, mortgage income support etc. Instead of at least getting something back once they had paid them in the first place with tax and national insurance payments, they have now found out that they are still a drain on the economy and they now want to get them (and others of course) back into work.
I have seen change over my time involved in HR and as both an employee and employer but this is just unbeleivable as a step to encourage growth.
We need to find out more about the small print before commenting further, but this one has the legs to run and run.
Very interested to find out what anyone else thinks, so please feel free to debate and comment.