March 14, 2012
Two different takes on the same report – “Redundancies since start of jobs recession cost UK employers £28.6 billion“, claims the Chartered Institute of Personnel and Development (CIPD).
But the Sun approaches this report from a different perspective – “Counting the cost: 2.7m made redundant since ’08“. Nothing at all untoward here, of course – the Sun is rightly putting the focus on the human, rather than the business, cost.
One line from the report caught my eye; namely, that “two-thirds of people made redundant are paid less in the next job they find. On average the pay penalty is 28%” (or, as the Sun phrases it, a “humiliating” 28%).