By Mary Blyth
Unfortunately breaches of employment law can involve significant financial penalties.
Do you know that:
- The Unfair Dismissals Act 1977 allows for compensation of up to 104 weeks remuneration in respect of the financial loss due to an unfair dismissal.
- The Terms of Employment (Information) Act 1994 allows for up to 4 weeks remuneration by way of compensation for failure to provide a written statement of terms and conditions of employment within 2 months of starting employment.
- The Organisation of Working Time Act 1997 requires the employer to pay to the employee compensation as is just and equitable but not exceeding 104 weeks remuneration in respect of the employees' employment for failure to comply with the Act.
The above are just some of the penalties that can give you nightmares.
And to make matters worse besides the potential statute penalties, an employee can seek further redress for common law claims through the legal system.
It is therefore advisable that you have a up to date written employment contract with all your employees to minimise your financial exposure in the event of any breaches of employment law arising.
We can assist you if you require any help with employment contracts.