Firms using facilities management could echo FSB's approval of NIC reversal
May 25th 16:03 Cost Management
Business using facilities management as a way of reducing their operating costs could be among those to be encouraged by plans to halt National Insurance contributions (NIC).
The reversal of Labour's plans was announced in the first Queen's Speech of the new coalition government and was welcomed by the Federation of Small Businesses (FSB).
According to the organisation, reversing the plans will help small business secure 57,000 jobs for their employees.
A recent FSB survey revealed that 32 per cent of staff at small businesses work on a part time basis, compared to 14 per cent at larger organisations.
John Walker, national chairman of the FSB, said: "Small firms are already flexible employers, employing more women and more part time workers than big businesses and plans to remove barriers to flexible working must acknowledge this.
"Changes to the one per cent increase in employers' NICs will help safeguard 57,000 jobs, continuing to strengthen the recovery."
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