Dealing with the legacy of pension schemes has been a critical issue for some firms. This study suggests that while they’ve been able to pass on a proportion of costs to their existing workforce who are 'locked-in' to existing schemes, it can trigger a rush for the exit.
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Reviewed by
Mark Beatson, Senior Labour Market Analyst
Mark's respected labour market analysis and commentary strengthens the CIPD’s ability to lead thinking and influence policy making across the whole spectrum of people management and workplace issues.
Prior to joining the CIPD, Mark was an economic consultant and for over 20 years worked as an economist in the Civil Service, latterly at Chief Economist/Director level, in a range of Government departments including the Department for Business Innovation and Skills (BIS), the Department for Innovation, Universities and Skills (DIUS), the Department of Trade and Industry (DTI) and HM Treasury.
Explore the CIPD’s point of view on low pay and financial wellbeing, including recommendations for employers and actions for the UK Government
Learn about the UK law surrounding workplace pensions and how to choose new schemes or review existing pension arrangements
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How might role ambiguity lead to workplace bullying and what is the impact of leadership support in negating this effect?
An exploration of how generative AI tools like ChatGPT can be used effectively to support human resource management
When cost savings are required, what is the impact of making pay cuts instead of redundancies?