CIPD: A fiscal Plan B could help employee motivation if job losses spiral

Date: 11/01/2011

The Chartered Institute of Personnel and Development (CIPD) has urged the government to maintain employee motivation by creating a 'Plan B' to keep jobs on track.

This comes after the CIPD recently made predictions that 2011 could see job losses of 200,000 – 120,000 in the public sector and 80,000 among private workers.

At the time, John Philpott, chief economic adviser at CIPD, called 2011 a "fingers-crossed" year for the economy and jobs.

But now the organisation is, through its Platform 2011 Blueprint for growth report, encouraging the government to remain open about adjusting its fiscal policy should unemployment figures soar beyond expectation.

Potential amendments could include reversing the 20 per cent VAT increase, more quantitative easing from the Bank of England, or re-thinking areas for budget cuts by the government.

The CIPD said that by having a Plan B, it allows choices to be made practically rather than being boxed in by previous decisions.

Posted by Elizabeth Mewes 

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