Posts Tagged retirement legislation
Dinamiks Ltd offers 60 days free use of Dinamiks to help companies adapt to new retirement legislation
Posted by Internet Business Press in Dinamiks on May 31, 2011
Dinamiks helps employers demonstrate just cause and follow due procedure, while managing employees’ performance
May 31st 2011. Dinamiks Ltd, the online employee performance measurement provider, is offering new users 60 days free use of its online tool, Dinamiks. The move is designed to help companies adapt to the new retirement legislation, which sees the default retirement age of 65 being phased out from April 6th 2011.
Replacing the usual seven day free usage, the free 60 days will enable users to take advantage of the six month transition period to full implementation of the legislation, and put protective measures in place including demonstrating just cause and following due procedure.
“The change in retirement age legislation has consequences for many businesses, large or small, including firms having to have a good reason to ‘retire’ someone,” says Shirley Barnes, Client Services Director, Dinamiks Ltd.
“That could spell trouble for employers unless they can demonstrate just cause and follow due procedure.
“Many companies will have situations where age, experience and capability may be a challenge and where the business will require evidence leading up to and beyond the legislation change, to justify why staff should retire from a role – or even why they should stay,” says Barnes.
“Employers who fail to embrace the new legislation may face claims of unfair dismissal and discrimination.
“It’s our view, though, that the legislation also gives firms an opportunity to get a better grip on their employees’ performance and thereby deliver a boost to the performance of the business.”
New redundancy legislation
Other new challenges faced by employers in 2011 are the higher costs associated with making employees redundant. The maximum limits on statutory unfair dismissal compensation, redundancy payments and other awards were increased on February 1st.
“Dinamiks can assist here, too, because it helps employers conform to employment law,” says Barnes. “It does this by providing an audit trail of performance, behaviour, attitude and the ability of individuals to meet set objectives.”
Dinamiks (i) aligns every employee’s objectives to those of the business (ii) provides the means to set development plans, and track and record progress (iii) provides a record of capability for all employees, thereby supporting a common and consistent set of guidelines and principles that apply across all employee ages of the business (iv) helps with talent management (v) help firms comply with employment law (vi) allows employers to demonstrate just cause and follow due procedure.
More at dinamiks.com
Note to the press. For further information please contact:
Shirley Barnes, Client Relationship Director, Dinamiks Ltd
Tel (+44) (0)1243 538835 email@example.com
Or Paul Whitehead, Western Associates PR,
(+44) (0)1403 711177 firstname.lastname@example.org