Cost of Compensation Culture Increasing 15% a Year

Employers who feel aggrieved at the rising number of Tribunals and compensation claims may be interested in new research from the Actuarial Profession, which claims that the growing compensation culture in the UK is now costing about £10bn a year - or 1% of GDP.

Furthermore, the research claims that this figure is increasing at a rate of 15% a year.

The paper - The Cost of Compensation Culture - looks at events for which compensation may be payable. These range from ordinary insurance clai... (222 more words)

Member login

If you are a member of the Workplace Law
Network, please enter your details below

My email address
My password
Keep me logged in:
	I've forgotten my password

Protecting your data

We take data protection very seriously. We will never share your data with third parties. We process data in accordance with: the Data Protection Act 1998; the 11th edition of the British Code of Advertising, Sales Promotion and Marketing Practice; and the DMA Direct Marketing Code of Practice.