Letter to the editor: Adrian Maxwell, CEO, Fracino

Posted on 10 Jun 2013 by The Manufacturer

On April 6 the standard rate of statutory sick pay increased from £85.85 to £86.70 per week.

This is just another add-on cost to a businesses like ours. We employ 40 people and will be taking on another half a dozen staff before the end of the year.

It’s a very tough and highly competitive climate out there and running and growing a business, which demands ongoing investment to sustain innovation, is expensive – so all additional non-core cost increases are unwelcome, especially if the decision to increase those costs is made for you by government.

Our policy at Fracino is to only pay statutory sick pay, so if any team members are off ill, it costs them dearly. My ethos is that you have to work to survive. Because we only pay statutory sick pay our absenteeism is consistently negligible.