Employment Law Explained

Tag Archives: redundancy payments

Happy New Year!

Hello again and all best wishes for 2009.  I have to say that I don’t feel particularly enthusiastic about life, the universe and everything at the moment but that may be because I’ve been laid low over Christmas with a most virulent gastric bug that put paid to just about all my plans.  At least I can say I had more time to spend in my bathroom but you really don’t want to know anymore about that.

Despite the continuing economic gloom life here has been fairly quiet.  I saw my first compromise agreement of the year today – not a bad package and a bonus was included (which is not something I’ve been seeing that often recently). 

Redundancy – what are you worth?

In times where nobody is sure whether or not their job will be safe in the future, it is useful to know what your entitlements are should the worst happen. Statutory (legal) provisions are not the most generous, and consist of an entitlement to notice pay under your contract of employment, or a week for each year full year worked (to a maximum of 12 weeks), whichever is higher. This is payable in accordance with your normal salary amount.