Of course, while some firms like to grow and imagine themselves becoming as big as possible, other firms will focus on minimising their risks and ensuring that they don’t move backwards. Businesses are like people, they have different personalities, different outlooks and different aims. However, no matter whether your business aim is to grow or not shrink, adhering to employment law will underpin all of your aims and ambitions. If one of your main fears about your business is opening yourself to risk and potentially harming your business, taking a “safety-first” approach is possible and in fact, sensible.
In the end, it may be that the most enduring reason for properly adhering to employment law is the fact that it is likely to save your business from a considerable amount of hardship and potential ruin. The old saying about “prevention being better than the cure” rings true in many aspects of modern business and it is certainly the case when it comes to employment law.
Taking a preventative approach to employment law will significantly minimise your exposure to problems and difficulties in the workplace. This will give you confidence in taking the business forward but it also means that employees should have a greater degree of confidence in their position within the company. Morale has always been a crucial component of the workplace and in the modern era with so many firms struggling to provide additional financial incentives for employees, there is a need to provide workers with additional benefits or incentives for choosing to work and stay with a firm. Proving that you are a company that takes employment law and working practices seriously will put all employees at ease with respect to the way that they will be treated and what they are asked to do in the workplace.
Modern day businesses need to present as strong a package to their employees as possible and presenting a unified workplace that is operating fully within the rules and regulations of employment is a major benefit for many employees.