IFAs are spending more time than ever tackling human resources' red tape as the number of staff taking cases to employment tribunals soars, says HR consultancy Peninsula.
The specialist employment law firm says employment tribunal cases rose by 21 per cent from 105,000 in 2002 to 127,000 last year.
The average time that employers spend dealing with human resources and red tape issues has increased from 8.5 hours a week to 9.1 hours, according to Peninsula, which surveyed 86 IFA employers across the UK.
The research shows that 80 per cent of IFAs feel the increase in red tape has restricted growth in their business in the last 12 months.
Managing director Peter Done says: “Employers realise that it is nearly impossible to balance a healthy business alongside the barrage of employment law and health and safety legislation which is being constantly introduced by the Government.”