What are the key benefits of getting TUPE right?
Fewer Employment Tribunal claims to defend – If you have followed the TUPE Regulations, your chances of having to defend Employment Tribunal claims are greatly reduced. Defending an Employment Tribunal claim can be stressful, time consuming and put a strain on your business’ resources, so it is worth ensuring you are following the TUPE Regulations and getting early advice is recommended in this complex area, to avoid extra expense for your business in the longer term.
Save money by not making expensive mistakes – There are specific provisions provided for in TUPE which lead to compensation being payable to employees or to a business if you are transferring employees to that business. For example, a failure to inform and consult under TUPE could lead to compensation of up to 13 weeks’ gross pay (uncapped) for each affected employee being awarded by an Employment Tribunal. To avoid these expensive mistakes, it is advisable to seek expert support at an early stage in your transaction.
Clarity on what you are buying/selling – If you follow the detailed TUPE Regulations correctly, this means that on assessing the Employee Liability Information and other employment disclosure information, you will know exactly what your business is disposing of or acquiring. Particularly if you are acquiring a number of staff under a TUPE transaction, it could make the difference between whether you choose to go ahead with the transaction or not if there are contractual employee liabilities, a number of potentially expensive outstanding claims and grievances or if an expensive and potentially legally risky redundancy exercise is required.
Focus your time and money on running your business – Reduce your time spent on trying to understand and practically implement complex legal Regulations and negotiating precise and commercially advantageous warranties and indemnities, and allow our experts to take care of this for you. We are experienced in this area and so you can have peace of mind that this is being dealt with competently whilst you continue to focus your efforts on running your core business.