An increase in the growing compensation culture is hitting UK businesses, costing them time and money, suggests research.
Financial resources are having to be diverted by 49% of companies, to deal with cases and 46% say compensation claims cause too much red tape. Such findings are part of a survey from Aon which indicates 75% of businesses see the trend towards compensation creating an unsustainable burden for businesses in industry, commerce and public services. At least 62% of companies have seen an overall increase in the cost of claims to their business while managers are having to spend more time sorting out claims, according to the 60% of firms who fear their business are being hampered as a result...
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