At some stage it will be right for those who start the firm to stop, close it or transfer it to someone else. It will be time to Turn! Turn! Turn! But how should this be done and over what timescale? The answer to this conundrum is to develop an exit plan, and the sooner the better after start-up. At least if a plan exists, it can be revised year by year.
Companies exist because they are the most efficient way of an entrepreneur gaining the services of others. And yet many gain the services of those working in their own firms, as sole-traders (or self-employed) and via agencies. This blog aims to elaborate on the simple case of workers employed by a firm to provide a complete understanding of the possible relationships between entrepreneurs and their companies and workers.
Some managers are aware of the difference between the various types of dismissal that may be executed on an employee. There is an assumption that tribunal claims can only be made where a person has service at least longer than some qualifying period. This is not actually true; there are instances where employee can take an employer to tribunal without any qualifying period of service.
Technically, you can tell an employee that you no longer require them to work for you. You can pay them their notice and invite them to leave. Provided that you have no contractual obligation to use a protracted procedure, you might get away with this course of action. Fair dismissal is narrow and well-defined and hence so too is unfair dismissal.
All firms make jobs (and those employed in them) redundant. Redundancy is normal. It’s the manager adjusting the firm to match the new environment in which it trades and operates. But redundancy is complex. It can kill the firm if badly run. Tap our experience to run safe. This white paper shows managers how to implement a fair and robust redundancy process that dismisses the right people. Call us for more.
Psychological wellbeing is important. This book puts it simply: poor psychological wellbeing degrades worker performance and business outcomes. The book draws appropriately on academic research findings to make and justify the argument.