Businesses vulnerable as Tribunals look set to rise
Recent research suggests that there will be an increase of 46% in the number of Tribunal claims over the next three years, and this looks set to cost UK employers £2.6 billion, or an average of £7000 per claim. The rising number of claims is due to the numerous changes in employment law and regulations combined with an increased awareness of workers’ rights and the amount of damages awarded and the rise of no-win no-fee legal advisors. Despite most employers having their employees’ best interests at heart when taking a personal approach to issues such as redundancy or retirement, a lack of