With just weeks to go until National Insurance contributions rise for employers, making it more expensive to employ staff, steel reinforcement specialist Anglo says that window fabricators can offset the added expense by switching to its cut-to-size service.
From April, National Insurance will jump from 13.8% to 15%. Combined with the scheduled increase to the National Living Wage, employing staff over the age of 21, even in an entry-level position, will cost employers close to £30,000 per employee, significantly impacting their bottom line.
“We’re expecting the market to improve this year, so fabrication businesses are currently faced with balancing increased operational costs while preparing for a potential uptick,” said David Evans, managing director of Anglo. “For some, that may result in staff cutbacks or delaying much-needed investment but these measures both run the risk of leaving your business high and dry when things pick up.”
David points out that raising prices to meet increased costs could leave businesses uncompetitive, while switching to cheaper suppliers could compromise quality.
“The solution lies in working with trusted suppliers who can help streamline operations and reduce overheads,” David explained. “At Anglo, we deliver exceptional quality at competitive prices, and we go the extra mile by offering free use of a galvanisation meter to ensure the steel you order meets your specifications.
“With labour costs approaching £30K per employee, reducing labour-intensive processes like operating a saw can save tens of thousands of pounds annually. Add to this the benefits of eliminating waste and minimising stock holding, and the value of our cut-to-size service becomes undeniable.
“The question isn’t whether you should partner with Anglo – it’s whether you can afford not to.”
