No Win No Fee compensation claims procedure

So you’ve been considering making a compensation claim, but with so many options on the market – and so many solicitors available, you aren’t exactly sure where to start. Many people love the sound of “No Win, No Fee” – and let’s face it, when presented with the idea of getting a compensation claim or not having to pay a penny, it’s not hard to see why for many people it’s an attractive offer.

I think one of the most concerning parts of any offer such as this is that many of us are incredibly sceptical about things that are seemingly too good to be true, and if you find that you are in this boat, then chances are you will want to know more before you enter into an agreement of this type. 

So what is a No Win, No Fee agreement and how does it work? To find out more about how these kind of agreements operate and to look at whether or not they might be right for you, scroll down!

What is No Win, No Fee?

So a No Win, No Fee agreement or Conditional Fee agreement as they are also known have a few principles to adhere to and actually work in a very basic manner which relies upon the solicitors to make a valued judgement as to whether or not they believe the client has a case that will hold merit in court.

When a solicitor takes on a No Win, No Fee case it’s because they think they can genuinely get compensation for their client and this is why they can offer a No Win, No Fee option for their clients. As a client you are in a great position – if your case is successful you will get the compensation you deserve; if it’s unsuccessful then you won’t be left to pay a penny.

How can solicitors make money in this way?

It’s fairly common for someone to ask how this could at all be profitable for solicitors and on paper it might not look like a very profitable business, but when a solicitor takes on your case and is successful then they are able to claim their fees and expenses from the opposition legal team and therefore make their money without taking a penny from your compensation.

This Conditional Fee Agreement benefits both sides as it ensures that solicitors are paid for choosing the appropriate cases and it helps to prevent the courts from being clogged with cases which have no basis or foundation. 

Getting started

If you think that you have a valid claim to make then get in touch with your local solicitor to find out more about the No Win, No Fee options which might be available to you, and in turn you could find that you are actually entitled to a reasonable amount of compensation for any injuries that you have sustained through no fault of your own or through medical negligence.

Continue Reading

Getting The Full Potential From Your Employees

If you want to keep your employees happy and productive, you have to reward them. Many managers make the mistake of believing that the only way to motivate employees is with financial incentives. While your employees work for money, it is not what ultimately drives them. Positive reinforcement has been shown to have a huge impact on employee morale and performance. If you want to enjoy a productive workforce, you must reward and recognize them for their efforts. 

Set Clear Goals

Setting goals that are clear and attainable is crucial to your successful rewards plan. Your staff will have to know what goals they are trying to reach. These goals have to be attainable by your staff for maximum effectiveness. Create milestones and reward your staff for working towards the ultimate goal. If your goal is to sell 1,000 widgets a month, reward them for selling 250, then 500 and so on.

Offer Group Rewards

Many managers reward individuals for their merits, thinking that this will motivate other employees to operate at peak performance. This strategy often backfires. Doling out rewards to individuals can cause them to sabotage each other's efforts and the company's profits. Create a system of rewards that encourages them to work together as a team. 

Bring in the Experts

Enlist the help of a proven team of employee recognition experts to help motivate your employees. OC Tanner is just one of many companies that offers customized staff recognition programs that get results. There are many companies out there that have experience in talent management and can help you leverage your human capital to see the best profits for your organization. By consulting an expert for your staff rewards program, you will be getting the benefits of time-tested and proven results.

Make it Consistent

The key to conducting an effective rewards program is consistency. If you only dole out rewards sporadically, your staff will not be motivated to do their best work. If there is too much time between the action and the reward, they may forget altogether. Reward them often and openly. Publicly recognize them for their efforts. In most casts, it doesn't have to be elaborate or fancy. Simply walking up to them while they are working and telling them that they're doing good work is often effective. 

It takes drive, determination and hard work to keep an organization running effectively. Your employees are vital to your company's success. Getting the full potential from your employees requires skillful effort. Create a rewards program to motivate them today.

Continue Reading