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Quick reminder on how Statutory Redundancy Pay is calculated. Take your employee’s weekly wage, then award: 0.5 week’s pay for each full year of service where age during year less than 22 I have recorded another podcast with esteemed blawger Charon QC. We cover: Redundancy generally given the downturn, collective consultation and the impact on law firms; Listen to the podcast here. Most employment practitioners will have dealt with redundancies and TUPE issues following a company going into administration. This week’s File on 4 was an interesting look at whether the current insolvency regime might not be counter-productive in the current downturn. The 2003 Enterprise Act was designed to make going into administration easier, quicker and cheaper with [...] The most common limits increase as follows: The cap on a week’s pay for Statutory Redundancy Payments, the basic award, and related purposes – up from £330 to £350; The new limits will come into [...] Time for the annual review of financial limits. The two biggies: The cap on a week’s pay when calculating redundancy payments (or the basic award for unfair dismissal) goes up to £330; The maximum compensatory award for unfair dismissal is raised to £63,000. I’m really not sure if the latter should be retained, especially as the corresponding award in discrimination [...] Consultation, consultation, consultation. The worst crimes imaginable can nip under the radar if you only sit your employees down and talk about how terribly dreadful the situation is, but needs must, and what can we do to make the blow easier? Compulsory collective consultation in redundancy situations involving 20 or more job losses has been [...] |
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