The sun is out. Half the people who normally share your morning commute are already on holiday so there’s plenty of room on the trains or in the car park. You’re checking the cricket scores every five minutes at work and lunch is a picnic. What can possibly go wrong?
If you are considering buying a business, it is likely that you will have already made a number of important decisions, and one may have been deciding whether it's better to buy a business or start a new one.
If your employer has offered you a compromise agreement, otherwise known as a settlement agreement, you may be feeling a range of emotions – shocked about being asked to leave your role, nervous at the prospect of facing unemployment and concerned about your financial security.
TUPE stands for the “Transfer of Undertakings Regulations” and they are designed to protect the rights of employees when their employer changes, when the business is sold or the job is outsourced to a different organisation. These regulations were revised in January 2014. Here we will look at how TUPE affects employers and employees.
Redundancy commonly happens when employers decide that they need to reduce their workforce or restructure their business. In a recession this is more common, however the official reasons for making someone redundant are somewhat different.
New rules introduced in September 2013 mean that your employer is now able to offer you shares in the business, but it also means forfeiting some of your employment rights. How will this work and what will it mean to you as an employee?
When it comes to business, your employees are your best asset. Selecting the right people and taking care of them in terms of salary, working conditions and benefits is of the utmost importance to the success of your business.