DIY employment contracts put businesses at risk
June 10th, 2008 byContractStore recently ran an online survey for SME’s about the threats facing their businesses, and what they are doing to protect themselves.
The research shows that as many as one in three businesses make up their own employment contracts.
Giles Dixon, managing director of ContractStore.com, says the findings are worrying and believes that the trend is due to a renewed focus on the economy.
Less than 10% of business owners regard being taken to a tribunal as their ‘biggest threat’ whilst approximately 40% of businesses name the economic downturn as their number one concern.
Dixon commented: “As times are possibly set to get tougher, it is vital to ‘batten down the hatches’ and leave no stone unturned with regards to protecting your business