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The Financial Benefits of Understanding Employment Law

employment lawEvery penny is a prisoner for small business owners. From reducing energy usage and finding cheaper premises to buying second-hand office furniture and slashing travel expenses, you’ve done it all in a bid to improve your company’s bottom line

… but an amateur understanding of employment law can quickly scupper your best laid plans.

Employment law covers the relationship between you and your employees, and is designed to protect your workforce AND your organisation by outlining the legal parameters. The often complex nature of employment law, however, can leave some business owners gnashing their teeth and shaking their fists as they’re been taken to the cleaners by a disgruntled employee.

Indeed, the litigious nature of the 21st century workplace means you must be well aware of the potentially catastrophic financial repercussions of members of your workforce being treated unjustly. Need some guidance? Check out three of the most common workplace grievances and learn more about what you can do to prevent them ruining your firm …

Discrimination

Defined by the dictionary as treating a person differently and unfairly on grounds of race, age, or sex, discrimination – whether it’s direct or indirect – has the potential to land you and your firm in very hot water.

Whatever form it takes, before discrimination rears its ugly head in your organisation, it’s vital your company’s anti-discrimination policy is outlined. If it’s already reached fever pitch, though, it’s crucial to consult the best employment lawyers London has to offer for valuable expert advice.

Health and Safety

In the UK, the Health and Safety at Work Act 1974 outlines your obligations as an employer and your duty of care towards your employees. In a nutshell, you’re required to provide a secure working environment, along with the correct equipment to help your employees carry out their duties safely.

However, if one your employee’s happens to raise a serious complaint about your firm’s policy on health and safety, the best course of action is to consult an employment lawyer for specialist guidance if you’re uncertain of your company’s legal stance.

Sexual Harassment

Although not specially legislated against until 2005, sexual harassment in the workplace has never been acceptable, despite what that misogynistic boor Don Draper from Mad Men would try to have you believe.

Whether it’s verbal, non-verbal or physical, the law states that no one should be subjected to unwanted sexual conduct in the workplace, which may violate their dignity or create an intimidating, humiliating or offensive environment.

Now it’s your turn …

Has your business dealt with grievances from disgruntled employees? How did you cope? Please let us know by leaving a comment below – we’d love to hear your thoughts on this often thorny subject.

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AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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