Blog
Disciplinary sackings in the City are on the increase. But what are your rights, and why could a settlement agreement be your best route?
Employment lawyer Philip Landau from Landau Law Solicitors, looks at the position:
Disciplinary cases resulting in dismissals or suspensions have hit a 5 year high, after a crackdown on misbehaviour in the UK financial services sector. These recent statistics were obtained from law firm Pinsent Masons following a Freedom of Information Actrequest to the Financial Services Authority (FSA). The figures show that a total of 1,373 employees were either sacked or suspended in the City of London last year. This is a 76% increase from 2011. read more…
Do the new employment law reforms represent a further erosion of worker’s rights?
On Friday 20th September, Vince Cable set out the coalition’s vision for employment law reform. And it wasn’t too pretty for employees. The headline news that worried most is that the maximum statutory unfair dismissal compensation of £72,300 is to be cut with a replacement that is the lower of either an individual’s annual net salary or the national median average earnings. read more…
“Fire at will” is out, but “paying off staff” is in, as Settlement Agreements get the thumbs up.
If you are an under-performing employee or in dispute with your employer, there will soon be a mechanism in place to fast track you out of the business- but only if you agree. This follows Vince Cable’s announcement yesterday to introduce the use of “settlement agreements”, which is designed to make it easier for employers to agree terms with departing employees. read more…
What’s in a name? Compromise Agreements “are to be renamed Settlement Agreements.”
Major employment law changes are underway. On 23rd November 2011 the Government published its Response to Resolving Workplace Disputes intended in part to ensure that both employers and employees have greater access to resolving disputes as early as possible, and in the most streamlined way. read more…