Beating those January blues
According to psychologists, the third working Monday of the year (due to fall on 24th January) is annually the most depressing day, due to worries over Christmas bills, gloomy weather and the hype of holidays being over, and research from the Employment Law Advisory Services confirms that absenteeism is at its highest in January and February, so employers should be thinking about how to minimise this by boosting morale.
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From February 2011, compensation limits will increase. The maximum amount of compensation award for unfair dismissal will increase from £65,300 to £68,400.
Maximum statutory redundancy payment will be £12,000 and the maximum amount of 'a week's pay' for calculating statutory redundancy pay, (or the basic award for unfair dismissal) is to be increased from £380 to £400.
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How to keep staff motivated in 2011
Things are improving in the economy but businesses still face some tough challenges, so it's vital that staff stay engaged and motivated throughout the forthcoming year.
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