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Looks like I'll be made redundant in the next month and been told I'll get stat min payment which is 1 week's pay per year I've been there but capped at £450 per week. They're telling me this is the most they can pay but that's the min right?
Also, looks to me that as I've been there over 6 years I should get 6 weeks notice but they want to give me 5 - minor point maybe but am I right? This suggest so:
https://www.gov.uk/redundant-your-rights/notice-periods
Yes statutory is the min, check hmrc website for amounts. The exact wording on length of service should be checked, it's full years so perhaps you haven't quite hit the 6 year anniversary, check your dates. You should also get your notice period. Redundancy part will be tax free.
I would also push back on the amount (nothing to lose) and have they followed correct procedure (at risk notice etc), you may as well try and get some more money as the "we cannot afford more" could be BS.
Sorry to hear that. Not my expertise but sounds like they [i]may[/i] want to have you work only the 5 weeks and the 6th will be paid as pay in lieu?
I've been there well over 6 years. They said they'd pay me in lieu of notice so 1 week is worth fighting for.
They can afford it and I'm trying to bring senior management into this as the person I'm dealing with seems a little unclear on things....
Yes they are correct - I was made unemployed 2 months ago and was give £900 for 2 years plus PILON. Still haven't found anything but hoping a few irons I have in fires will come good in January.
Good luck.
the person I'm dealing with seems a little unclear on things....
HR's depts in general...
Good luck though. Fight your corner.
Yes they are correct - I was made unemployed 2 months ago and was give £900 for 2 years plus PILON
Yeah but you were given the minimum right? I'm being told this is the maximum which is surely not true so I'm trying to negotiate. This is a large consultancy who've earnt a lot from me over the years as always highly utilized. The reason for redundancy is that they intend to use more offshore people now.
Large consultancy, i.e private sector, no union. It sounds like you'll be getting statutory and that's it.
Depends on what is in your contract tbh - if it states a rate they pay that if nothing is stated then the minimum applies
Yes 1 week for each week worked - unless your contract states longer - for example it may be you have been there for 2 years but the contract requires 1 months notice [ in all cases to leave from you or them]in which case they still have to give one months notice.
you are also entitled to time off [ to plan etc] and for a solicitor at their cost.
Ps you are not looking very well either 😉
There's a redundacy pay calculator and other advice here:
[url= https://www.gov.uk/redundant-your-rights/redundancy-pay ]https://www.gov.uk/redundant-your-rights/redundancy-pay[/url]
A few years ago I was at risk and from what I remember the statutory pay is capped at a relatively low amount. So if you earn a decent wage it is likley that, for example, 4 weeks redundancy money will be less then 4 weeks wages.
Good luck!
OP my understanding is that you should get your notice (1 month ?) then in addition one week for each year - so that's another 6 weeks. The notice is taxable as normal, the redundancy should be tax free. I would make sure they don't take too much tax off, as you'll not be working a full tax year they should double check the salary calculation as that will have been done n the basis you work through till April. You can get this money back if they overtax you but it takes a while and it's better to get it right now.
Paying you in lieu of notice means you get the money above and can leave immediately. They cannot short change you on the above amounts.
"We can't afford it" is BS in my view, most cases brought against employers are won on procedural grounds so the best leverage you have against them making you redundant is whether they've given you an at risk notice, the grounds for your redundancy vs other employees, have you been given the chance to find another job internally, are they really cutting back in your area or might they just re-hire etc.
Good luck
Oh I don't think it's my notice plus stat notice, just seems odd that HR are telling me stuff that isn't right. I plan to try to involve some more senior people in the payout discussions, currently just 'At risk' so a bit early perhaps.
Project wants me until end of Jan so I'll try to use that as a bargaining tool plus I work in a niche area so hopefully they'll want to make the split fairly amicable. No mention was made of my bonus so I brought this up - payable in the spring for this year so in theory I've earn't it. I have a few decent contacts for potential jobs as know some senior people in a number of consultancies - knowing me will put some of people off though I'm sure...been promised an interview at one anyway.
They can't pay you for a week in lieu of your months notice, which is how it reads?
Sounds like they're trying to shaft you!
No - 5 weeks instead of the 6 I think they should.
Good luck with the bonus. I've know someone who thought they were being good to there employer by warning them they were waiting for there new employment contract. Bonus was due a few days later and they didn't get it dispite her not handing in her notice for 2 weeks.
Check if there have been redundancies there in the past and what they got
there have been cases whereby previous payments (of significantly more than statutory) have been taken to form terms and conditions of service and thus set a precedent.
Remember if they owe you any holidays they'll have to cough up for them or you'll need to take them. Of course depends on when your leave year starts/finishes, how many you may have already taken and it'll be based on how much leave you would have accrued by your leaving date.
Are there more than just you going?
Are you over 41 years of age?
Statutory redundancy plus notice is the minimum they can pay not the maximum. Any contractual term giving more takes precedence and they are free to give you as much as they want to or you can bargain for.check how and when the bonus is earned.