| cutting costs sharing skills building careers | ||||||
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The three solutions of StaffShare - select one |
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Case study - The Skill Seller Solution
Employers seeking to cut costs within their organisation need to look carefully at the added costs involved in redundancy and re-hiring replacements.
StaffShare allows employers like you to use secondment to cut down employee costs during a period of engagement to other organisations (e.g. 3-12 months). With agreement by both employers, the salary and benefits package is shared!
As an example: you have a fully trained, 38 year old highly experienced and qualified Production Manager (awaiting redeployment but presently under employed ) costing £52,500 a year under a full contract of engagement:
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Salary & NI |
Benefits in kind |
Pension |
Other costs |
TOTAL PA |
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£42,000 |
£ 4,500 |
£3,200 |
£2,800 |
£52,500 |
However through StaffShare, a 12 months secondment period with fees agreed at say 50% you get a payment for the employee reducing your costs by half.
i.e. 12 months fees at £2,187.50 pm = £26,250 pa towards the cost of retaining that employee.
See more on Redundancy Costs here
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Staffshare is a Social Enterprise. |
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