Government analysis says those on low pay stand to benefit most, with some potentially earning extra 600 a year
Employment rights reforms could cost businesses up to 5bn a year, according to the government’s own analysis, which also found the changes will benefit low-paid employees the most, with some shift workers potentially earning an extra 600 a year.
In the analysis the government acknowledges that businesses will end up paying more, including for changes to sick pay, paternity leave and zero-hours contracts as well as on administrative costs.
However, it found that many of the mental health and physical benefits to families and workers would save significant sums.
Speaking in parliament before the bill’s second reading on Monday, the deputy prime minister, Angela Rayner, said that most employers were already complying with the changes stipulated in the bill.
She said the strengthening of workers’ rights would help the economy grow long-term: “Successful firms already know that strong employee rights mean strong growth opportunities. This landmark legislation will extend the employment protections given by the best British companies to millions more workers.”
The shadow business secretary, Kevin Hollinrake, said the costs “could sink” some businesses, particularly those hit by new employment claims. “This is not a employment rights bill but a trade union charter,” he said.
The government said the costs were minimal – less than 1.5%...
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