Legal Stipulations You Must Comply With For Running A Business In The United Kingdom
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. In the legal jurisdiction of the United Kingdom, we have given some of the requirements you will be required to meet for a safe practice in this particular sphere.
Consider what the law demands from you as a business owner in terms of wages and taxes. There is a set minimum for wages that every single employer in the United Kingdom has to pay to their employees. The minimums are often varied according to the age categories of the concerned employees. An example is where you have the employees of ages 25 and above receiving not less than 7.20 pounds per hour and those of the ages from 21-24 year olds not earning less than 6.70 pounds in an hours’ 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.
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. Take an example of a construction concern which is demanded by law to have their employees taken through an NRSWA streets works training course as an onsite safety management training. 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 an employer, you must as well be aware of the Statutory Rights of your employees. 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.