Recent data published on GOV.UK has unveiled noteworthy trends in the realm of employment tribunals, shedding light on challenges faced by businesses and the importance of proactive protection.
In the fourth quarter of 2022, the Employment Tribunal (ET) received 8,100 single claim receipts and successfully resolved 9,000 single claim cases. While these numbers indicate a significant effort to address disputes, the fact that 37,000 cases were still open by the end of March underscores the workload.
The introduction of the ET fee refund scheme in October 2017 has made waves. With over 22,000 applications and a total monetary value of £18.7 million in refunds granted by March 2023, it is evident that businesses are becoming increasingly aware of their options.
Q2 2022 statistics revealed intriguing insights. Single claim receipts, which surged during the pandemic, returned to pre-pandemic levels, constituting 44% of the overall 18,000 Employment Tribunal receipts. Disposals increased by 6% from Q2 2021/2022, indicating progress, but the daunting reality of 493,000 outstanding cases persists.
Considering these developments, safeguarding businesses has become paramount. Custodian Management Ltd offers Employment Tribunal Protection (ETP), a comprehensive solution to navigate the complexities of tribunal proceedings. The average compensation for unfair dismissal is £13,541, highlighting the financial impact of tribunal outcomes.
Discrimination cases have yielded diverse awards, emphasizing the intricate nature of such proceedings. Businesses are encouraged to explore protection measures to ensure resilience against potential challenges.
For businesses seeking guidance and support, Custodian Management Ltd is a strategic partner. With a history of expert assistance, businesses can rely on their ETP to mitigate risks and proactively address tribunal-related issues.
To learn more about Employment Tribunal Protection and how it can benefit your business, contact us at 033 33 448 535 or email info@custodianinsurance.co.uk. Embrace the future with confidence as you navigate the intricate landscape of employment tribunals, guided by the steadfast support and expertise of Custodian Management Ltd. Your business’s stability and success are our foremost priorities.
