On October 26, 2024, the Worker Protection (Amendment of Equality Act 2010) Act 2023 will introduce new employment legislation aimed at strengthening the prevention of sexual harassment in the workplace.
This law requires businesses to demonstrate that they have taken reasonable steps to prevent harassment, with a statutory duty to implement proactive and systematic measures. Failure to provide evidence of these measures could lead to increased compensation awards by up to 25%.
The Financial Conduct Authority (“FCA”) has a strong focus on addressing sexual harassment and misconduct, including through the Senior Managers and Certification Regime (“SMCR”).
Reasonable steps to ensure compliance include:
- Ensuring your employees are trained and fully aware of what constitutes harassment
- Providing cultural direction and support from leaders
- Developing line management capabilities to manage and address harassment
- Implementing comprehensive policies
- Collecting feedback from employees
- Establishing reporting channels and conducting investigations
- Regularly monitoring and reviewing procedures
How can we help?
We can help ensure your business is prepared and ready to implement the necessary practices. With our HR skills and specialist knowledge of the financial services sector, as well as our understanding of the legislation and EED&I in the workplace, you will benefit from tailored support. Our services include:
- Consultation on employment law and best practices
- Policy formulation
- Design of operational procedures
- Training through eLearning modules or coaching
- Analysis, insights, action plans, and monitoring
- Articulation of company values and associated behaviours
- Embedding values into people practices and decision-making
- SMCR compliance
