SME’s in the Dark over Employment Laws
According to a recent survey, two-thirds of business owners admit to little understanding of employee rights.
A survey of 500 business from website Jobandtalent revealed that almost 66% of owners of small and medium-sized enterprises (SMEs) concede to having a poor knowledge of employee rights and regulations.
12% of owners admitted to knowing nothing at all about employment laws. A further 25% claimed that, although they understand the regulations, they struggle to keep up with the changes.
The survey concluded, based on these statistics, that businesses take ‘enormous risks’ when taking on and managing staff.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.