Here’s what I know: businesses need to be ready for next year’s legal changes

In 2024, we’re set to reach double figures in the number of new laws coming in. Which means a lot of upcoming changes affecting you.

As a business owner, you already have so much to deal with. And on top of the day-to-day stress you already have, you don’t need the added worry of missing an important update.

When the world of employment law is an ever-changing minefield, it’s not only easy to lose track of what’s happening – but practically impossible to stay on top of every legal change without support.

In 2024, the government will bring in changes around…

• Leave entitlements – there’ll be new statutory leave entitlements for staff you’ll have to navigate.
• Working patterns– there’ll be new rules for making and handling flexible working requests.  Certain workers will also have the right to ask for more stable working patterns.
• Redundancy protections – pregnant employees will be given the same special rights and protection in a redundancy as employees on maternity leave.
• National minimum wage – national minimum wage rates will increase in April, and employees of a certain age group will now need to be paid more than ever before.
• Holiday calculations – rolled-up holiday pay will become legal for irregular hour staff.
• Pensions – there’ll be new age criteria for auto-enrolling employees into pension schemes.

…And more.

So first, make sure you read our blog: The new HR laws expected in 2024 (and how to prepare) to learn how these updates will affect you and how you can stay safe from legal risk.

If you have any questions, be sure to let your Peninsula advisers know.

As you’ll find, it’s likely you’ll need to update your processes and paperwork in line with the latest updates. And when you do, your documentation team at Peninsula are here to support you.

Your advisers will guide you through every change next year, and keep your policies and procedures up to date with all the latest laws. 

It means you can pour your focus into making next year your most successful yet.