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This is the money the government will pay you rather than severance from an employer. Redundancy also comes with a required notice period that the employer mus
by meheleventyone 3y ago
This is the money the government will pay you rather than severance from an employer.
Redundancy also comes with a required notice period that the employer must pay you through as well. And there’s a bunch of other rules around how people can be selected for redundancy.
I got laid off when Realtime Worlds went into administration and only got the statutory pay until years later the company was wound up and I got a follow on measly cheque from them for part the money they still owed me for the notice period.
- gambiting 3y ago>>This is the money the government will pay you rather than severance from an employer. Nope, that money is entirely paid by the employer. https://www.springhouselaw.com/knowledge-hub/redundancy/who-pays-redundancy-when-employer-cannot https://www.springhouselaw.com/knowledge-hub/redundancy/who-... "Your redundancy pay is called a statutory redundancy payment. It is calculated based on your age, weekly pay and number of years you’ve worked for your employer. You are also entitled to a paid minimum statutory Notice Period. It’s your employer’s duty to pay these, but your payments are capped"
- meheleventyone 3y agoIf the employer can't pay (as in my case) this is also the money the government will pay in their lieu. Which is why it's so shit/capped. Normal payments from employers are generally more in my experience. Likewise the notice period is paid at full rate.