Complying with employment law is the costliest bureaucratic burden faced by small firms, a new survey has claimed.
According to the latest quarterly referendum of its members carried out by the Forum of Private Business (FPB), the UK’s small firms spend the equivalent of £2.4 billion a year in complying with employment regulations, more than any other type of legislation.
The survey found that smaller employers spend £259 million on work connected with dismissals and redundancy.
A further £391 million goes on absence control and management, £237 million on maternity issues, £333 million on handling disciplinary matters, and £1,175 million on holidays and other areas.
On average, the survey revealed, small businesses invest 10 hours each month dealing with all the different aspects of employment law.
This material is for informational purposes only and should not be relied upon as professional advice.
