Kirk Hope: BusinessNZ Chief Executive says reducing the unemployment insurance scheme to focus only on covering redundancies, would be more

Businesses could be more inclined to support the Government's unemployment insurance plan, if it cut health and disability coverage.The scheme would see people who are made redundant or stopping work for medical and disability reasons, paid up to 80 percent of their salary, for up to seven months.It would be funded by a 1.39 percent levy on both employers and workers.BusinessNZ Chief Executive Kirk Hope says reducing the scheme to focus only on covering redundancies, would be more palatable.He says reducing the scope would significantly reduce the costs to all.Consultation on the unemployment insurance scheme ends later this month.LISTEN ABOVESee omnystudio.com/listener for privacy information.