Tool Create startup animated videos in minutes, not in hours! 

 4 days ago
 Source: startups.co.uk

Law change means furloughed employees must get full redundancy pay

Quick Summary

the legal minimum) redundancy pay are a little complex, and fully explained in our redundancy guide. In simple terms, the amount you have to pay fired employees is always based on a percentage of their weekly pay. Previously then, employees who were furloughed and then fired could receive lower redundancy pay, because they received a lower weekly wage whilst on furlough. While the government stressed that most employers have done right by their fired employees and based redundancy pay on their normal (pre-furlough) weekly pay, some have not. This has led the government to make sure that the law makes clear that redundancy pay must be based on an employee’s normal weekly pay.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

Read Original Article

Popular Topics

Get the best stories from Startup Around on Telegram