Wednesday, 23 November 2011

New Hire & Fire Employment Rules

Staff working in small businesses could lose their right to claim unfair dismissal. Companies with les than 10 employees may be more simple & quicker. Employees may need to work longer before they give the right to a tribunal. This can help small businesses to expand without the fear of costly tribunals, making it easy to hire of fire. Many companies are logged by ridiculous rules and fear high tribunals payouts. Protection can be arranged for companies by purchasing insurance policies such as Directors & Officers insurance, Professional Indemnity and legal protection insurance policies. The business secretary Vince Cable said he "wanted the process of getting rid of staff to be simple and quicker"