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Corporate Fraud THE COMPENSATION CULTURE

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The compensation culture is costing the UK £10 billion a year*. This is equivalent to over £400 for every household.
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Compensation Culture

The notion that compensation is always due, and everyone is entitled to "have their day in court" is increasingly pervasive in our society. As an employer, you may face the brunt of this, whether from a disenchanted employee or from an external individual trying to gain compensation for what they see as loss as a result of your company's activity.

Moonlighting?

69% of companies have seen an increase in employment tribunal claims; from October 1st 2004 employees are required to have discussed their grievances with their employer before going to court, but many employers are doubtful this will make a difference.

Compensation

Research from the Actuarial Profession suggests 60pc of small businesses feel the growth of the compensation culture is interfering with the day-to-day running of their businesses. "The have-a-go mentality is fuelling a surge in dubious employment tribunals that is both costly and time consuming" says the CBI Director-General. Claims are indeed on the increase, up by 17% in 2004

Compensation

There is an increasing number of third parties encouraging people to claim . While, of course, people should have access to justice and compensation when something goes wrong the culture of claiming compensation can often be inappropriate and, sometimes, bordering on fraudulent.

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We have assisted many companies in defence of claims made against them, rooting out and providing evidence of fraudulent accident and loss of business claims. In the unfortunate event that you find your business defending such an action, please come and talk to us - in the least we can promise to provide ideas of how best to approach the problem and work out a strategy.

For practical assistance and consultation on this difficult issue contact us in the first instance either by email to info@answers.uk.com or by telephoning 0800 980 4 267 and discussing the matter with our commercial team.

Other articles of relevance appear on this site covering related subjects such as Moonlighting , Workplace Monitoring, Business Fraud, Office Fraud, the Compensation Culture, Sickness , Surveillance , Fingerprint Evidence , Serial Saboteurs and Employment Tribunals

Moonlighting Workplace  Monitoring Business Office Fraud Compensation Culture Absenteeism Surveillance Fingerprinting  
Moonlighting Workplace Monitoring Office Fraud Compensation Culture
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