The 10 Best Resources For Businesses
January 18, 2018
Are You In Business Or Planning To Do Business In The UK?-Here Are Some Of The Mandatory Legal Requirements For You To Meet
A business concern will always have a set of regulations that it will be expected to fulfill for its employees as for the sake of legal and ethical concerns. The failure to meet most of these responsibilities will be facing a potential law suit and as well reputational damages to it as a whole. Our article gives a highlight to some of the basic requirements of legal nature that a business practice in the UK will be required to fulfill for practice.
Let us first see the requirements in terms of wages and taxes. Every employer in the United Kingdom is demanded by law to pay a certain minimum in terms of wages. The minimums are often varied according to the age categories of the concerned employees. The employees in the United Kingdom of 25 years and over will enjoy a guaranteed hourly pay of 7.20 pounds in every hour of service as those between the ages of 21 up to 24 resting with an assurance of not less than 6.70 pounds in every hourly service. The law further demands on every employer to deduct taxes, national health insurance contributions and student loan repayments for their employees where applicable.
All UK employers are required by law to ensure that they have a safe and healthy working environment for their employees. The standards to be followed by a company will be determined by the specific industry within which they operate. Look at the case of a construction company which will have its employees taken to a NRSWA training course as an onsite safety training module as a factor stipulated by law. The safety and health requirements demanded by law will have the employees interests like those of paternity, maternity, discrimination and bullying well covered therein.
Insurance is another aspect of the legislations regarding employers which is worth a look. We have those insurances which the law demands the employers to sign up to as a matter of legislation while we have those that the individual employers will sign up to for the protection of their operations against the potential risks. Examples of the insurances necessary from the operations of the law as a must provision are such as motor insurance, employers’ liability insurance and insurances for certain types of engineering projects and contracts.
As an employer, you must as well be aware of the Statutory Rights of your employees. These rights guarantee your employees a right to a 28-day paid leave, a detailed and itemized pay slip and paid maternity and paternity paid leave.