Royal Mail cuts HR spend by GBP57m in two years
Royal Mail has slashed its human resources spend by GBP57m in two years as part of a massive organisational overhaul, leading HR magazine Personnel Today reveals today. In an exclusive interview, Royal Mail group HR director Tony McCarthy and Kevin Green, director of People and Organisational Development, said that the HR budget has been cut from GBP173m at the start of 2003 to GBP116m. As part of the overhaul, the HR team has fallen from 3,700 to 2,400, which incorporated 1,400 job cuts and 100 new appointments. The HR to employee ratio has improved from 1:75 to 1:130. Other savings have been driven by removing duplication and process improvements in areas such as sickness absence and training.
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