Small business guide to employment law

I found this article relating to Employment Law which I thought may be of interest. So here it is for you

If you run a small to medium-sized business and you don’t comply with employment law, you could soon be facing the expense of a payout at an employment tribunal. The average employment tribunal costs over £7,000, can you afford not to comply with employment law?

All companies, regardless of size, must comply with employment law. And failing to do so can not only hit you in the pocket but can also damage your reputation. The good news is that you’re not alone. The Forum of Private Business understands that regular changes to legislation can make staying compliant a confusing and difficult task.

According to the Forum of Private Business‘ research, money spent by smaller businesses on complying with employment law surpasses the £2.1bn per year spent on health and safety administration and the £1.8bn on tax.

The Forum of Private Business has found that smaller-business employers spend £259m per year on work associated with dismissals and redundancy. They spend a further £391m on absence control and management, £237m on maternity, £333m on disciplinary issues, and £1,175m on holidays and any other remaining aspects of employment legislation. The average time per month spent on all of these different aspects of employment law was found to be around 10 hours for each small business.

The Forum of Private Business is a proactive, not-for-profit organisation and can assist you with every aspect of running your business and across every department, from HR and finance to business development. We provide cost-effective, tailored business solutions to support, protect and reassure you throughout the lifecycle of your business.

Our online Employment Guide brings together everything you need to know about employment law in one easy-to-understand guide. It not only helps you comply with the law in your workplace but will also save you the time you might normally have to spend searching for and trying to understand complicated legal information.

The Forum of Private Business is committed to providing support and advice on every aspect of your business. Employing your own HR Director, Health and Safety Director, Business Development Director and Finance Director, could leave you with a very large annual expenditure. Our small business services provide a cost-effective resolution, negating the need to employ senior expertise across each discipline.

We understand that different businesses need different levels of business advice, guidance and support, which is why we offer four membership packages, giving you the flexibility to choose the option that’s best for your business.

The Forum of Private Business is a proactive, not-for-profit organisation which can assist you with every aspect of running your business and across every department, from HR and finance to business development.
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