Introduction to employee-ownership
Businesses can engage people to work for them on many different terms. They may have full-time, part-time or fixed-term employees, workers or self-employed individuals. The distinction between these categories is a trade-off between flexibility, control and obligation, for both the employer and the individual.
The Government has introduced proposals for the creation of a new status of employee, the employee-owner.
Under this new status, employee-owners may each receive shares up to the value of £50,000 which will be exempt from capital gains tax on their sale. Employee owners will have the same rights as current employees but will give up the following rights: unfair dismissal (except where this is automatically unfair or relates to anti-discrimination law); statutory redundancy pay; and certain rights to request flexible working and time off for training. They will also be required to provide 16 weeks notice of a firm date of return from maternity leave, instead of the usual eight…
If you are registered and logged in to the site, click on the link below to read the rest of the Goodman Derrick briefing. If not, please register or sign in with your details below.
Click on the link above to download briefing.
News from Goodman Derrick
News from The Lawyer
Briefings from Goodman Derrick
Opinion that employee not disabled under Equality Act does not give employer defence for not making reasonable adjustments
Employers have a duty to make reasonable adjustments for disabled employees. However, this duty only arises where the employer knows the employee is suffering from a qualifying disability.
If you do not make a will, then you lose control over what happens to your estate following your death.
Analysis from The Lawyer
You don’t have to be a big firm to innovate and thrive in a downturn, as our look at the lower half of the UK 200 shows. We pick 10 inspiring stories
Our latest in-depth analysis of UK M&A legal bills reveals a good performance by smaller firms and success fees on the rise