It’s no secret that your company can be vulnerable to a whole host of threats. From the risk of legal action, the damage that can be caused by difficult employees or falling foul of health and safety legislation, if you’re in charge of running a company you need to ensure your back is covered.
But, with so much to consider how can you know all there is to know in such a multi-faceted environment? And, with the stakes so high there’s little room for error. Here are all the things that need to be considered to keep your company safe.
1. Employment law
If you’re running a company, the chances are you have employees – or are likely to employ people in the future. But being responsible for providing a living for your team can be a daunting prospect, not to mention the serious legal implications that come with it. There’s a lot to consider in this scenario – and, fortunately – there are many ways you can help negate some pretty devastating implications. Signing up to a 24 hour legal helpline not only gives you direct contact with a professional when you need it, but it gives you peace of mind that, should the worst happen, starting to find a resolution is only a phone call away.
Training yourself, or a trusted employee, can also be a good route to take. Whilst the advice of a trained professional may still be needed, giving yourself an education in the law can help set you on firmer ground without having to seek expensive legal advice. Ultimately, if you find legal action being brought against the company you should engage in the necessary services such as mediation, tribunal representation and insurance.
2. Human Resources
As valuable as employees are to your business, managing them to their full potential can be tough. A grievance, which is any problem or issue raised by an employee, needs to be dealt with correctly or it can result in big repercussions. The initial approach should be to try and deal with the complaint informally, perhaps through mediation. If the grievance is too severe for that approach, or if the initial approach fails, then a formal grievance procedure should be introduced, detailing exactly what will be investigated and how it will be dealt with.
3. Health and Safety Advice
Falling foul of health and safety legislation can bring with it some heavy consequences. Investing in a 24-hour health and safety helpline, similar to the legal helpline, allows you to call up and get professional advice whenever you need it. If a more thorough examination is required, a health and safety consultancy can be employed to come in, assess your workplace and give you a set-by-step guide on how to protect your company.
4. Small Business Services
If you’re a small business, finances are likely to be precarious and may put some services out of reach. Fortunately, there are packages available to suit smaller budgets that give a company a good holistic package for protection. These cover everything from templates for the correct legal documentation, company health and safety support, tribunal representation and more.
5. Additional cover
Other elements that it’s worth considering are Employee Assistance Programmes (EAP), which are aimed at offering your employees flexible working conditions or counselling to help them through difficult times. Payroll and tax advice can also be worth their weight in gold, ensuring there aren’t any unexpected expenses.
So, ensuring the long-term security of your company doesn’t need to be difficult. By employing the right services you can be safe in the knowledge that whatever occurs, the company will remain in good health.