A new report, published by RNIB, with a foreword by Acas Chief Executive John Taylor, demonstrates that keeping a newly disabled person in employment has a cost benefit of 2.5 times an employer’s investment.
The report by the Royal National Institute of Blind People sets out the case for employee retention, advice on how to identify the related costs and longer term savings, and recommendations for employers when implementing an employee retention policy. The principal benefits of employment retention are that it allows the employer to retain the employee’s accumulated skills and experience, and the employee to maintain income and independence. Other savings for businesses include the costs of recruitment and induction training for replacement staff, avoidance of costs from a claim arising from disability discrimination cases and intangible benefits of increased staff loyalty and morale, as well as a workforce more representative of its customers and community.
This provides summary information and comment on the subject areas covered. Where employment tribunal and appellate court cases are reported, the information does not set out all of the facts, the legal arguments presented and the judgments made in every aspect of the case. Employment law is subject to constant change either by statute or by interpretation by the courts. While every care has been taken in compiling this information, we cannot be held responsible for any errors or omissions. Specialist legal advice must be taken on any legal issues that may arise before embarking upon any formal course of action.
