Are You In Business Or Planning To Do Business In The UK?-Here Are Some Of The Mandatory Legal Requirements For You To Meet
Every business practice will have a set of regulations for legal and moral nature that it will be expected to meet for their employees concern. 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.
Consider what the law demands from you as a business owner in terms of wages and taxes. The United Kingdom has a set National Minimum Wage which must be paid to their employees. 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. There is as well a call on the employer to ensure a deduction of taxes, contributions to the national health insurance fund and where applicable, a deduction for the loans advanced as students due from the employees.
Health and safety is the other necessary requirement that needs to be fulfilled by all United Kingdom employers a condition that demands on them to ensure that they provide their employees a safe and healthy working environment. The standards to be met by the company are also dependent on the particular industry of practice where the employer will be operating. 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 occupational safety issues will cover areas of the employees interests like maternity, paternity, unfair treatments and discrimination taken care of.
Insurance is the other thing that the companies operating in the UK must as well take into consideration. There are insurance schemes the employers must have as a matter of legislation and there are those which they will sign up to for the sake of their corporate protection. 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 a matter of urgency, as an employer you must be tipped enough about the statutory rights of the people under your employ. Do not be caught on the wrong side violating the rights of the employees such as those of a paid leave period of 28 days, maternity and paternity leaves and as well the right to an itemized pay slip.