Navigating employment law can be a minefield for small business owners, and the legal costs could be crippling. According to a recent article in the East Lancs Chamber of Commerce news, “in the last six years the average compensation awarded for unfair dismissal has risen by 25 per cent and business owners can now face a bill of up to £76,574 for falling foul of employment law.”
Michael Shroot, head of employment law at Woodcocks Haworth and Nuttall explained: “Business owners need to think ahead, if they don’t get their legal position correct, each employee could potentially cost them money. Those who make mistakes when dealing with employees or letting staff go will face hefty compensation claims. This is often an unnecessary strain on business with crippling consequences.”
Support is available for small business owners in the form of membership with Business First Network. For only pennies a day, an employer can rest easy knowing that they have access to first class advice and support from a team of solicitors that specialise in business law. Many entrepreneurs go into business for themselves with little or no knowledge of things like, employee rights, discipline and dismissal and health and safety regulations.
Dealing with a dispute is very stressful, not to mention costly, and many businesses just do not have the financial resources available to them. Often employers do not engage with their solicitor when they see a potential problem because they know there will be a cost associated. So it is priceless, knowing they can pick up the phone at any time and get sound advice…Free! To find out more about how Business First Network can help you protect your business, go to http://www.thebfn.co.uk