Impact of Employment Law and Corporate Governance on Business Operations

Writing Essay

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Impact of Employment Law on business....................................................................................3
CORPORATE GOVERNANCE................................................................................................5
PRINCIPLES OF CORPORATE GOVERNANCE...................................................................6
BUSINESS OPERATIONS........................................................................................................7
RESPONSIBILITY OF CORPORATE GOVERNANCE IN BUSINESS OPERATIONS......8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Employment law is a law which regulates mutual obligation between employer and
employee. It is an occupational contract grants which states about what employer required from
employee and what are the employees right against employer. Employment law of UK try to
protect the right of both employer and employee. Like protection against wrongful dismissal,
health and safety of employee, holidays, wages and various sorts of discrimination. Employment
law protect businesses of owner by providing them guidance what liabilities they have toward
employees and what safeguards they have as a owner of business (Chen, 2014). As responsibility
corporate governance is to assure the transparency which create strong and balance economic
development of nation. It also protect the interest of shareholders which helps in efficiently
running of businesses and create the sustainability of a corporations. The aim of corporate
governance is to build an environment of trust, make a transparency and accountability for
securing long term investment which is strengthen financial stability and business integrity which
ultimately influence strong development and more comprehensive societies.
TASK
Impact of Employment Law on business.
Employment law is made to protect the rights of the employee and govern the employer
and employee relation. It is necessary for an employers to follow certain rules and regulations for
the purpose of avoid expensive employment tribunal claims. Basically employment law deals in
the following arena of employment like employment contracts and conditions of employment, the
care of employees, employee salary and working hours, sickness leave, time off work and
business transfers and takeovers. So, government enacted law to regulate businesses action and
preclude them from exploiting people. Laws also protect consumers interest from businesses and
employees employed by businesses (Dickens, et.al 2014). In UK several employment law made to
secure employees right at workplaces like:
Law relating to recruitment states about what employers could and couldn't do at the time
hiring personnel and what are their obligation after offering a job. It also mention about contract
of employment must be made with employees.

Legislation related to payment of an employee deals with the wages or salary of worker/
employee the purpose of making this legislation is to ensure that they get their pay as per the
minimum standard set by nation's law. In the National Minimum Wage Act 1998 all businesses
should pay their personnel a minimal hourly rate. There is no immunity for small employers on
the basis of geographical region. The goal is to gain the incomes of the devalued paid. The rates
are laid down by the government annually.
For worker aged 16 to 24, this is known as the national minimum wage. It changes as per
different categories (under 18, over 18, over 21 and trainee).For worker belong to aged 25 or
above known as the national living wage.
Law against discrimination protect the employee against all form of discrimination made to him.
And guarantee equal treatment with each employee by an employer. The Equality Act (2010)
made to prevent discrimination on a various of grounds. Such grounds are refers as ‘protected
characteristics’. This Act declares unlawful for a business to pay employees different rates of
salary if they are working on similar jobs. like business cannot pay a male member of personnel
more than a female member of personnel if they are doing the same role.
Protected characteristics means discrimination not made on ground of age, disablement, sex,
marital status, physiological condition and maternity, race and religion.
Enactment related to working conditions of employment state about employees provides safe
working conditions and perfect working surroundings to keep them safe at employment by
protecting them from wrongful dismissal and unfair dismissal. It associate to the corporeal
working surroundings, health and safety measures, securing employees from unfair dismissal and
the contractual terms (Du Plessis, et.al 2018). Employed surroundings according to an employees
like providing desks as per height of an employee, adaptable chairs and the accurate levels and
proper light facilities must be there. Health and Safety measures must be as per the Health and
Safety at Work Act 1974. It mention an obligation on both employers and employees for keeping
the working surroundings harmless. It covers domain like personnel training, safety instrument
consider means and apparel. Proper drinking water facility should be provided, clean toilets and
proper washing facilities must be there and first aid facility also provided. Employees must be
protected from unfair dismissal reckon the ground of an employees for leaving a business. A
good reason must be provided for termination of an employee. An worker can made redundant as
per the need of business to deduct reimbursement or a role no longer subsist. Like an employee is