What Options do Employers have?
The COVID-19 pandemic has brought about huge changes to the business landscape in Ireland and whilst some organisations have been more directly affected than others, consequential impacts across the economy are vast. Accordingly, a vast number of employers are affected to a greater or lesser degree and, as a result, need to adjust their overhead base.
Employee costs are often the most significant expense in an organisation and ways to reduce that cost base are therefore a key focus at this time. The options available are both short term with relatively modest impact e.g. requiring employees to take holiday whilst out from work and in receipt of the Temporary Wage Subsidy Scheme to long term with material savings and consequences such as a restructuring/redundancy programme.
Below is a summary of options to consider but do remember that to protect your organisation from claims by employees arising from implementing these measures, you need to make sure that you follow a correct and lawful process.