Member

We anticipate that there will be some impact on businesses with regard to familiarisation with the policy and managing the impact of employee absences. Like other family-related pay entitlements, employers will be responsible for administering the statutory payment on behalf of government. Overall, we estimate that the net annual recurring cost to business is £22.5 million. We also anticipate there will be a one-off familiarisation cost to business estimated at £4.7 million. Despite these costs, we anticipate that there will be further benefits to businesses, as there is evidence showing that workplaces offering a range of extensive family-related policies are more likely to have above average performance relative to workplaces without such practices. My officials are also working with HMRC to ensure there is clear guidance on GOV.UK to support employers in implementing the policy.