employment law

• What are the three main laws for employers in employment law?

  National Minimum Wage, Equality Act, Health and Safety Act
• What is the National Minimum Wage?

  It is the minimum wage employers must pay employees
• When was the National Minimum Wage introduced?

  1998
• What is the National Minimum Wage for 16-17 year-olds in the UK?

  £4.62
• What is the National Minimum Wage for 18-20 year-olds in the UK?

  £8.60
• What is the National Minimum Wage for 21-24 year-olds in the UK?

  £11.44
• What is the National Living Wage?

  It is the minimum wage for those 25 and over
• When was the National Living Wage introduced?

  2016
• What is the current National Living Wage?

  £12.21
• What is a pro of implementing the National Minimum Wage?

  It increases pay for employees
• What is a con of implementing the National Minimum Wage?

  It may increase labor costs for employers
• How might a company respond to increased labor costs from the National Minimum Wage?

  By raising prices to maintain profits
• What is the impact of not paying the National Minimum Wage?

  Large fines and damaged reputation
• What does the Equality Act require regarding pay for workers?

  Equal pay for equal work regardless of characteristics
• What is a pro of following the Equality Act?

  It creates a diverse workplace
• What is a con of implementing the Equality Act?

  It requires additional training for staff
• What is the impact of not following the Equality Act?

  Discrimination and potential compensation claims
• What is the Health and Safety at Work Act about?

  It mandates safety responsibilities for firms and workers
• What is a pro of following the Health and Safety at Work Act?

  It leads to a safer workplace
• What is a con of implementing the Health and Safety at Work Act?

  It requires training and additional costs
• What is the impact of not following the Health and Safety at Work Act?

  Potential lawsuits and damaged reputation
• What are the pros and cons of the National Minimum Wage?

  Pros:

  • Increases pay for employees
  • Potentially increases motivation and productivity

  
  

  Cons:

  • Increases labor costs
  • May lead to higher prices for goods
• What are the pros and cons of the Equality Act?

  Pros:

  • Creates a diverse workplace
  • Improves company reputation

  
  

  Cons:

  • Requires staff training
  • Involves additional costs for compliance
• What are the three main pieces of regulation in employment law?

  • National Minimum Wage
  • Equality Act
  • Health and Safety at Work Act
• What are the pros and cons of the Health and Safety at Work Act?

  Pros:

  • Ensures a safer workplace
  • Reduces absenteeism

  
  

  Cons:

  • Requires training and compliance costs
  • May involve writing handbooks