Employment Risk Management

If you're in business you'll be aware of the steady rise in employee litigation. It can be difficult to keep up with the changes and complexity of new legislation. Making sure that you're aware of all the risks you may face as a result of any employee-related problems makes good business sense.

We've outlined the key issues below to help you assess your particular level of risk.

Keeping up with legislation

The rules have changed on issues such as corporate manslaughter, equality and the minimum wage, and there are planned changes to laws governing dispute resolution, flexible working and workplace discrimination.

Identifying where you are at risk

By conducting a detailed review you'll find there are a number of factors which can impact on your business. These could be your employment policy, legislation compliance, and staff procedures.

So how can you be sure that you have adequate systems in place?

To give you some guidance on liability risk management, here's an outline of the main areas you should think about:

• Are regular employment law updates received?
• Do you understand the importance of Equal Opportunities legislation?
• Are disciplinary and grievance procedures agreed and notified?
• Is there a formal induction process?
• Are references taken up?
• Do you conduct medical checks prior to appointment?
• Are company rules issued to all staff?
• Do you follow anti-discrimination procedures?
• Could the working environment give rise to complaints?
• Do you issue contracts of employment?
• Do wage payments comply with the National Minimum wage?
• Are staff encouraged to report bullying or harassment?
• Do you conduct regular staff training?
• Are TUPE regulations understood?

If you look at all these areas in a well-planned way, it will help you to:

• Identify key areas of risk
• Implement effective remedial action plans
• Review the level insurance cover for your situation
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All of which gives you greater control of your business performance, profitability and success.

If you'd like to find out more about how we can help you with Employment Risk Management please contact a member of our team for an informal, friendly discussion.

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