Legislation Update: New Employment Contract Status

New Employment Contract Status

The government has announced plans for the introduction of a new type of employment contract for the staff of businesses of all sizes from April 2013 (the owner-employee contract).

New owner-employees will exchange some of their UK employment rights for rights of ownership in the form of shares in the business they work for.

Companies of any size will be able to use this new kind of contract, intended for fast growing small and medium sized companies that want to create a flexible workforce. Employees will be given between £2,000 and £50,000 of shares that are exempt from capital gains tax. In exchange, they give up rights on unfair dismissal, redundancy, and the right to request flexible working and time off for training, and will be required provide 16 weeks’ notice of a firm date of return from maternity leave, instead of the usual 8.

Owner-employee status will be optional for existing employees, but both established companies and new start-ups can choose to offer only this new type of contract for new hires. Legislation to bring in the new owner-employee contract will come later this year so that companies can use the new type of contract from April 2013. The Government will consult on some details of the contract later this month.


Comments

Vicky 25/04/2016

cheap mlb jsrseys Florida Marlins Jerseys cheap jerseys wholesale


Leave a Comment

Categories

Upcoming Events

There are currently no events scheduled.

Jobs

Assistant Practice Manager - Northampton

Closing Date: 2 December 2019

Salary: £30,000 - £35,000.

Practice / Business Manager - Guildford - Surrey

Closing Date: 25 November 2019

Salary: Competitive

The Chelsea Practice - Deputy Practice Manager

Closing Date: 31 January 2020

Salary: Dependant on experience

Director of Primary Care - London, SE1

Closing Date: 27 July 2020

Salary: Dependant on experience

Operations Manager - Chester

Closing Date: 21 November 2019

Salary: £25,000-32,000 p/a dependent on experience

Network Improvement Manager - London (North West / Central )

Closing Date: 30 November 2019

Salary: Competitive depending on skills and experience

Assistant/Deputy Practice Manager - Sheffield

Closing Date: 18 November 2019

Salary: Dependant on skills and experience

Assistant Practice Manager - Northampton

Closing Date: 2 December 2019

Salary: £30,000 - £35,000.

Head of General Practice - Sheffield

Closing Date: 15 December 2019

Salary: £53,000 - £60,000 p.a.

Finance and Performance Manager - Sandwell, West Midlands

Closing Date: 30 November 2019

Salary: £32000pa (pro rata)

Deputy Practice Manager - Easingwold, York

Closing Date: 18 November 2019

Salary: £24,214 - £30,112 (Depending on experience)

Assistant/Deputy Practice Manager - Sheffield

Closing Date: 18 November 2019

Salary: Dependant on skills and experience

Practice Manager - Surrey

Closing Date: 20 November 2019

Salary: Negotiable

Practice Manager - London, E14

Closing Date: 21 November 2019

Salary: £40-55k (dependent on skills and experience)

Operations Manager - Chester

Closing Date: 21 November 2019

Salary: £25,000-32,000 p/a dependent on experience

Practice Manager - Bromley, Kent

Closing Date: 22 November 2019

Salary: £50.000

What others are viewing now

Latest Forum Posts

Fetching latest posts...