Zero Hour Contracts

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Zero Hour Contracts

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So What are Zero Hour Contracts? Its when you work when you are required to work You have no fixed hours or fixed paycheck Some months you may get too much work Some months you may get too little work

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So Here are the Pros

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Flexibility No obligation to work certain hours You can work around your commitments For Employees

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It helps engage employees Its makes it easier to respond to troughs and peaks in demand Saves money as there are never too many employees at low demand For the Employer

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So this doesn’t sound too bad HOWEVER…

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Your salary can fluctuate largely each month For Employees Paying bills can be difficult Harder to get bank loans Harder to pay mortgage/rent

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Number of people with Zero hour Contracts (office of National Statistics) The Statistics

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The number of Zero Hour Contracts has almost QUADRUPLED since 2011 52,000 200,000

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H owever

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The Chartered Institute of Personnel and development (CIPD) say that the number of people with Zero Hour Contracts could be as high as

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1 million

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The consequences

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The average number of zero hour contracts is getting larger and larger

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And so there must be more variable incomes people with

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Therefore more people will be struggling to pay their bills

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8.6 million Britons do not have enough savings put by to cover their rent or mortgage for more than a month if they lost their job

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And so more people are becoming

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Over 113,000 households applied to their local authority for homelessness assistance in 2012/13

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Other impacts

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Zero Hour contracts can lead to a lot of

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Which then can lead to Depression

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And who picks up that bill?

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None other than the …

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Who have enough financial problems already

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The Number of people benefiting from psychological therapies is hugely increasing 182,000 people 2009/10 528,000 people 2011/12

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Adding even more costs to the NHS

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Which is then paid for by us the Tax Payers

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So….

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