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%.
Additionally, the threshold for employer NI contributions was lowered from £9,100 to £5,000, increasing payroll costs for many businesses.
The Employment Rights Bill 2025 will introduce changes, including day-one protection from unfair dismissal and statutory sick pay from day one.
The Employment Rights Bill 2025 will introduce a raft of changes between 2026 and 2027.
- Day-one protection from unfair dismissal
- Statutory sick pay from day one
- Right for zero-hours and low-hours workers to be offered guaranteed minimum hours
These changes will significantly impact employee retention strategies.
Author summary: Employers face new challenges in retaining top talent.
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