Changes in employment legislation over the past decade have given employees increased rights to challenge the actions of their employers. This has inevitably led to a significant increase in the number of employment tribunal cases over the past few years, and the average value of claims has risen rapidly too.
In 2010, a total of 236,100 claims were made against employers – that’s a massive 64% increase on the 151,000 claims made in 2008/2009. Depending on the type of claim, the average amounts awarded against employers can now be well over £50,000, and that doesn’t include all the extra costs to the business in time and money to actually defend the case.
As an example, any small business could be faced with these current average penalties if they fall foul of current equality and discrimination legislation:
|Type of discrimination||Average cost to employer|
As an employer, you’ll want to do everything in your power to avoid expensive and time-consuming employment tribunals, but with regular changes to employment laws, this is becoming a more and more complex area. And for small or medium sized businesses, the solution of employing a full-time HR professional to keep on top of all these issues may be cost-prohibitive.
myHRpartner is a value-for-money, scalable solution that can significantly reduce your level of risk in the first place, whilst also providing you with cost-effective Legal Expenses Insurance, offering peace of mind and financial protection in the event of a claim being made against your company by one of your employees.
In addition, myHRpartner gives you access to a wide range of practical advice on all types of employment matters that’s up-to-date, compliant with all current legislation and specifically tailored to meet your business needs.
Quite simply, give myHRpartner the job of looking after all your company’s HR needs, and you’ll have more time to get on with the important job of actually running your business!
Contact us today to find out more!
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