What you need to know about employment law

It is exciting to run your own business, but also nerve-wracking when you have to ensure that you adhere to all of the necessary legislation. It is even more difficult when you hire staff, as you have to adhere to a host of regulations and legal procedures. This is why it is best to look at using a HR outsourcing services company to take on the responsibility for this part of your business.

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You should be aware of:

  • Registering as an employer with HMRC well in advance of your first payroll run is essential. You should also have a payroll system that is suitable and register all employees with their correct contact information and any deductions such as student loans, national insurance and pensions. You also need to provide them with a regular payslip and submit your payroll information directly to HMRC.
  • You must make sure that any employee you hire has the legal right to work within the UK. Any document you find that confirms this should be recorded.
  • You must give an employee a written contract or statement of employment within two months after they start working for you. Short-term workers, who will be working less than a month, are not required to have a written statement of employment or contract. You will also inform them in this statement of the length and duration of their probationary period, after which they will be offered a permanent position if they successfully complete their probation.
  • It is essential that employees are paid at least the minimum wage for their age. An HR company will help you ensure that everyone is paid at the correct rate and has the required paid holidays in their contract. For HR Consultants Dublin, visit https://hrpgroup.ie/

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  • You may also want to consider putting in place some standard policies, such as a policy on sick leave and computer equipment usage, for example. The HR professionals can help you to understand your employers requirements.
Stephane
Stéphane is the founder of TrustedBrokers.com, a comparison service for traders. TrustedBrokers.com helps traders compare 20 Forex and CFD brokers in one place, through guides, reviews and comparison tables. These brokers include familiar names like AvaTrade, FxPro, FP Markets and eToro. Some of Stéphane’s first ventures were focussed on online dating, before pivoting towards affiliate marketing in the financial services space.