Financial protection if you go to an employment tribunal.
Due to a change in regulations in 2017, employment tribunal claims have increased by 90%, putting employers under additional financial and psychological strain.
In 2017/18, awards against employers averaged between £5,000-£31,000, depending on the type of claim (the biggest was £415,000) and took an average of 6 months to process through the tribunal system. Could you manage this disturbance to your time and bank balance?
The best way to avoid ending up in a tribunal is to get the right advice and have a good set of employment documents in place (contracts, employee handbooks, etc), all of which is available as part of YBC membership. However, if you do end up with a dispute, members can have the peace of mind that they have a professionally qualified and experienced team behind them and their costs covered. Even if you lose the tribunal, your membership will cover the cost of any award made against you.
For employers, membership to YBC costs from just £199 a year - can you afford not being a member?