Peninsula Business Services was in the media recently when the Financial Times highlighted a recent survey, conducted by Peninsula. The survey found that 67% of financial advisors admit to not following correct procedures when dismissing a worker.
The survey found that advisers spend an average of seven hours a week dealing with red tape.
Alan Price, employment law director of Peninsula was also quoted in the article and said: “It is clear that red tape is a frustration; however it should not be used as an excuse to easily dismiss a worker. Employment law is complicated and procedures can be lengthy, however it is not worth taking a risk, if a disgruntled employee decides to take you to tribunal then remember it’s not only the financial tribunal award you need to worry about, it’s also your reputation.”
The Financial Times article can be viewed by clicking here.
