As summer approaches, it’s the perfect time to reflect on the key employment law themes shaping the financial services sector this year. From courtroom rulings to policy shifts, firms are navigating a complex landscape brimming with challenges and opportunities.
Key Points
- The Supreme Court’s ruling has redefined the interpretation of “sex” in the Equality Act, prompting HR professionals to adapt their strategies.
- The Employment Rights Bill is still unfolding, with many firms preparing for changes affecting employees with under two years of service.
- A proactive approach to sexual harassment prevention is needed, yet some companies are lagging behind in comprehensive risk assessments.
- A noticeable shift in DEI language focuses on inclusion and talent development rather than solely diversity metrics.
- The FCA is set to provide clarity on non-financial misconduct and its implications for the sector.
- Whistleblowing trends indicate a rise in reports related to environmental issues, backed by NGO support.
- Cyber security measures are tightening, with firms focusing on insider threats and employee monitoring.
- Employment claims are on the rise, with organisations grappling with a backlog in tribunal cases.
Why should I read this?
This article is a must-read for anyone in the financial services sector who wants to stay ahead of the curve on employment law. From strategic shifts in HR policies to emerging legal trends, this overview saves you time by consolidating vital updates that could impact your workplace and your employee management approach.