The Retail Employment in 2025 report warns that future regulation could put a further a dampener on retail jobs, with 61% of retail HR directors believing the Employment Rights Bill will reduce flexibility in job offerings.
We are deeply concerned that some of the Bill's provisions will have serious unintended consequences that could harm both good employers and the very employees that the bill seeks to protect.
It's now more crucial than ever that payroll functions innovate, rather than wait. Taking a reactive approach to changes that are happening across the globe is simply unsustainable.
Almost 250,000 jobs have been lost in retail over the last five years and many major retailers have already announced further job cuts on the back of increased costs of employment which kicked in in April.
The new Fair Work Agency would be granted police-like powers without clear objectives, raising significant concerns over state overreach and transparency.