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How Does Unemployment Affect Tesco

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money they save the more profit they make.

Unemployment UK

The number of people who are unemployed in the UK fell from 161,000 to 2,16 million,this brings the unemployment rate to 6.6%.

Impact on Tesco

Tesco stores will be affected by unemployment in various ways,this will depend on whether or not the unemployment is low or high,increasing or decreasing.Unemployment will impact Tesco as it raises state taxes,it can cause administrative problems for the employers when dealing with their current staff.This includes claims for unemployment insurance benefits.Unemployment will weaken consumer buying,consumers have less money to spend on products at Tesco as they are out of work and out of pocket.If the amount of people unemployed is high tesco will have to consider many issues such as:lower staff turnover-employees may not be able to find another job,they may not want to move the current job they are …show more content…

Impact on Tesco

Providing employment for everyone is a high priority in China.The population in China is 1.367.040.000 and finding more staff won’t be a problem.However employment has its advantages and disadvantages on Tesco.

Disadvantages of employment-Cost-Having to train up new employees will cost Tesco a lot of money which could affect their overall profit-Time-Employing new staff takes a lot of time which Tesco managers may not have,therefore they will not be able to give them their full attention and hire the best person for the job as they are rusting the recruitment process.

Advantages of employment-

Generate more money-if more of the chinese population is employed this means they will have more money to spend within Tesco stores around China.Which will impact Tesco stores around China as they will be making more money and generating more profit due to customer spending going up.As well as customers being able to afford all the

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