Last post: Apr 17, 2023
When starting a new business in the UK, it's important to be aware of the legal requirements and regulations surrounding holiday, sick pay, flexible working, office set up and appropriate equipment, National Insurance, and pension contributions.
Flexible Working:
Flexible working arrangements can be a valuable way to attract and retain employees. In the UK, employees have the right to request flexible working arrangements, such as working from home or part-time hours. As an employer, it's important to consider these requests and make reasonable adjustments to accommodate them where possible.
Holiday and Sick Pay:
Under UK law, all employees are entitled to a minimum of 28 days of paid holiday each year (including bank holidays). Sick pay is also mandatory, with employees eligible to receive Statutory Sick Pay (SSP) if they are unable to work due to illness or injury. As a new business start-up, it's important to factor in these costs when planning your budget and considering employee compensation.
National Insurance and Pension Contributions:
Employers in the UK are required to make National Insurance contributions on behalf of their employees, and may also be required to make pension contributions under the government's automatic enrolment scheme. As a new business start-up, it's important to ensure that you are aware of these obligations and that you have factored them into your budget.
There are a number of pension schemes available that are suitable for start-up businesses, including the National Employment Savings Trust (NEST), which was specifically set up to cater for employers who don't already have a pension scheme in place. NEST is designed to be simple and affordable, making it a popular choice for many small businesses.
Office Set Up and Appropriate Equipment:
As an employer, you are responsible for providing a safe and healthy working environment for your employees. This includes providing appropriate office equipment and ensuring that the workplace is set up in a way that minimizes the risk of accidents and injuries. This can include providing ergonomic chairs, desks, and computer equipment, as well as ensuring that the workplace is properly ventilated and well-lit.
If you think a professional in Human Resources could be useful for you and your business, get in touch with us.
Call Choice Business Loans on 01494 410125 or email: info@choicebusinessloans.co.uk
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