Pages Navigation Menu

Everything Personal Finance

How the Law Can Protect Your Finances

The majority of working individuals in the world are employees. We rely on our employers to provide us with a reliable source of work, for which we are paid an agreed sum of money on an agreed basis. Now, this, of course, can leave us feeling a little vulnerable. After all, we rely on these individuals or companies for our income, and if they don’t stick by the terms of our agreement with them, we can find ourselves experiencing all sorts of financial difficulty. However, don’t worry too much. There are all sorts of laws in place surrounding the subject of employment. These serve to protect us as employees, and secure our financial stability. If you believe that your employer is not sticking to their responsibilities, here’s a little information that could come in useful for you!

Contacting a Lawyer

If you have any concern at all surrounding your employment, you should contact a reliable law firm like https://tittlelawfirm.com/. The professionals working here will be well versed in employment law and will be able to quickly determine whether your employer is acting legally or not. If it is found that your employer is breaking the law, a team of attorneys will be able to build a case on your behalf.

Minimum Pay

You should familiarise yourself with laws regarding minimum pay in the area that you live. Different governments will pass strict wage laws that determine the absolute minimum amount that any employer should aware you in return for your work and time. If you find that you are being paid less than this figure, contact your lawyer, who will be able to take appropriate action and also seek compensation for you.

Redundancy

If you are made redundant, your employer has determined that your job or role is no longer necessary for their business. They may be struggling financially and consequently need to let several staff members go, they may be closing down the branch that you are working in, they might have found that the amount they pay you comes to more than your work is earning them, or they may simply be taking their business in a different direction that no longer requires your participation. You may even find that you are being replaced by a machine that can complete the work that you do. Whatever the reason for your employer making you redundant, it’s extremely important that you know your rights. First, your employer must clearly explain why they are letting you go. If you feel that their selection of you is prejudiced, you can start a court case against them. Next, if you have been working for this individual or company for more than two years, you are entitled to a pay out. Legal aid can help you to determine whether you payout is sufficient and fair.

As you can see, the realm of employment law is relatively diverse and far reaching. But it’s important that you familiarise yourself with all of your rights as an employee in order to be capable of upholding them!