Employee Retention in 2025
Since the Great Resignation, employers have had to work harder to make their companies attractive to top talent.
Rising employment costs and legislative changes add to the challenge. The Autumn Budget 2024 increased the National Living Wage and employer National Insurance contributions to 15%.
- Increased National Living Wage
- Raised employer National Insurance contributions to 15%
- Lowered threshold for employer NI contributions from £9,100 to £5,000
The Employment Rights Bill 2025 will introduce changes, including day-one protection from unfair dismissal and statutory sick pay from day one.
Employers must adapt to retain top talent amidst rising costs and legislative changes.
Author's summary: Employers face new challenges in retaining top talent.
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