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The Importance of Best Employment Practice to Protect Your Startup

Maddyness

01 Dec 2021

Oliver Spratt authored an article for Maddyness outlining the fundamental steps around employment practices for startups.

“Employment is a big factor for any company and rights, obligations, and protections should be established right at the start of the business journey,” Oliver wrote. “Doing so should save the organization time, money, and many stresses from the natural changes of a workforce.”

He added: “Good employment practices are not just beneficial when relationships with employees break down, though, they are also a factor as the business secures investment or gets acquired. Buyers take on huge responsibilities when acquiring a business and so a key part of their due diligence will involve ensuring that the company or business that they are acquiring has complied with its obligations as an employer, and, moreover, that it has taken steps to protect itself – and its ideas – if and when key employees move elsewhere.”

Read the full article.

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