Meeting Legal Obligations

• What does the government use legislation for in business?

  To regulate businesses' behaviour
• Why are laws important for consumers and workers?

  They protect consumers and workers' rights
• What are the consequences of meeting legal obligations for businesses?

  • Good reputation for reliability
  • Increased sales from customer attraction
  • Confident staff leading to efficiency
  • Reduced recruitment costs
  • Easier recruitment of new staff
• What does complying with employment law ensure for staff?

  Staff feel safe at work
• What is a potential benefit of staff feeling safe at work?

  Increased efficiency in the business
• What are the consequences of not meeting legal obligations for businesses?

  • Possible court or tribunal cases
  • Expensive legal fees
  • Fines and compensation payments
  • Damaged business reputation
  • Reluctance from suppliers and stakeholders
• What is an employment tribunal?

  A court for employment disputes
• What might happen if a business breaks employment laws?

  They may have to pay fines
• How can bad publicity affect a business?

  It can lead to loss of sales and staff
• Who are stakeholders in a business?

  Anyone with an interest in the business
• What might stakeholders do if a business does not comply with the law?

  Be reluctant to associate with the business