Unfair Dismissal In Australia Essay

479 Words1 Page

The impact of unfair dismissal on an individual level can be difficult to evaluate however distress and hardship are not discreet. Given no prior notice, unfair dismissal can leave individuals struggling to find new employment to continue to have a form of income. The sudden loss of income not only greatly affects the individual financially, through debt and loss of assets, but also mentally. Job searching can take up to roughly a month for every $10,000 the individual would like the earn annually (1). This along with the stress and frustration involved can lead to poor health outcomes including depression, anxiety and high stress levels in some cases. Unfair dismissal not only negatively affects the individual dismissed, but also affects the …show more content…

Unfair dismissal claims are consistently the most common claim year after year. It is estimated that approximately every three and a half minutes, an unfair dismissal claim is made against an employer, combining up to 127 claims a day in Australia (3). Not all filed claims succeed for the employee, resulting in unemployment for the individual. The loss of income for the unemployed people along with the job insecurity experienced by the employed, both lead to the decline in living standards and spending power. Unemployed individuals and their families are less willing to spend more on non-necessities and would rather save, which leads to a decrease in the consumption of goods and services. Employed individuals also have weak spending power due to job insecurity and fear of potentially losing their jobs. When people buy fewer goods and services, businesses become less profitable, ultimately having negative economic impacts. In addition, the unemployed do not contribute to the income generation of the economy, and also claim benefits from the government. This results in the government needing to obtain more money through tax to provide for the increased benefit claims. Overall, they create an additional cost for the economy, deferring the costs able to be spent in future developments or other

More about Unfair Dismissal In Australia Essay

Open Document