With the increased confidence in the economy and Government actions such as the new National Insurance Employment Allowance, designed to encourage business owners to take on more staff, many businesses will be considering new recruits this year. The means many will be reviewing their contracts of employment. Regulations and legislation surrounding business is constantly changing and it can sometimes be difficult to keep up, with many businesses operating “outside of the law” without even being aware they are. Which is why, if you are assessing your contracts this year, now would be a good time to invest in a ‘Company Health Check’.
A ‘Company Health Check’ is a full review of company documents, employment contracts, disciplinary procedures, health and safety policy, terms and conditions of business, and financial documents. Our team of qualified solicitors will provide a comprehensive report so you know what you’re doing right, as well as what you need to correct to stay inside the law.
Many changes to employment legislation have come into effect this April alone. Changes to pension policy, statutory payment increases, and rising penalties for employing illegal workers, along with multiple other changes, have made taking on employees a legal minefield. The required procedure to take on a worker now may not be the same as it was several years, or even months and so it’s important to ensure that all your procedures are carried out according to up-to-date legislation.
As well as preventing difficult legal issues in the future, a Health Check can also help your business fulfil its full potential. Many documents and contracts which are mandatory by law are not just required to ensure your business is being run fairly, but can also ensure effective communication between employers and employees. Health Checks can also save you money, by assessing whether your financial documents are correct and up-to-date, and preventing steep legal costs if you are found to be performing business outside of current legislation.
It’s always better to be safe than sorry, and preventing a problem is definitely preferable to spending a fortune on legal costs to fix it further down the line. Company Health Checks are a solid investment for any company or organisation, whether you run a small business or large corporation, and our team of Manchester business solicitors are able to offer you all the guidance you need.
To learn more about the process and to speak to one of our specialists, please call us on 0161 785 3529 or send us a message through our contact page.
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