- What are you entitled to when you are made redundant?
- How many weeks pay do you get for redundancy?
- Can I be made redundant if my role still exists?
- What’s the minimum notice for redundancy?
- Can you be made redundant without consultation?
- What is the notice period for voluntary redundancy?
- How much notice does an employer need to give an employee?
- How is redundancy pay calculated?
- Can you get redundancy pay under 2 years?
- What is redundancy?
- Is redundancy a bad thing?
- What are the stages of redundancy?
- What triggers a redundancy?
What are you entitled to when you are made redundant?
If you’re being made redundant, you might be entitled to redundancy pay.
There are 2 types of redundancy pay you could get: ‘statutory’ redundancy pay – what the law says you’re entitled to.
‘contractual’ redundancy pay – extra money your contract says you can get on top of the statutory amount..
How many weeks pay do you get for redundancy?
What redundancy pay is payable?Period of continuous serviceRedundancy payAt least 2 years but less than 3 years6 weeksAt least 3 years but less than 4 years7 weeksAt least 4 years but less than 5 years8 weeksAt least 5 years but less than 6 years10 weeks6 more rows
Can I be made redundant if my role still exists?
Can I be made redundant if my job still exists? … Redundancy is only allowed if there’s no longer a need for the role to exist, and it certainly isn’t legal for you to be made redundant only for your job to be taken by someone else shortly after you’ve been made redundant.
What’s the minimum notice for redundancy?
What is the required minimum redundancy notice period?Period of continuous serviceMinimum notice periodLess than or equal to 1 year1 weekMore than 1 year but less than 3 years2 weeksMore than 3 years but less than 5 years3 weeksMore than 5 years4 weeksJul 2, 2018
Can you be made redundant without consultation?
There is no legislative requirement to consult about the redundancy before a decision is made to make an employee redundant. The Fair Work Ombudsman can assist you with enquiries about the application of modern awards and enterprise agreements.
What is the notice period for voluntary redundancy?
The statutory minimum periods are: at least one week’s notice if employed between one month and 2 years; one week’s notice for each year if employed between 2 and 12 years; and 12 weeks’ notice if employed for 12 years or more.
How much notice does an employer need to give an employee?
Employment Termination Notice.Period Of EmploymentMinimum Notice PeriodLess than 1 year1 week1-3 years2 weeks3-5 years3 weeksOver 5 years4 weeks
How is redundancy pay calculated?
This is calculated as follows:half a week’s pay for each year of employment up to the age of 22;one week’s pay for each year of employment between the ages of 22 and 40;one and a half week’s pay for each year of employment over the age of 41;a maximum of 20 years’ employment can be taken into account; and.More items…
Can you get redundancy pay under 2 years?
If you have worked for your employer for less than 2 years, you won’t qualify for statutory redundancy pay. However, your employer must still follow a fair selection process.
What is redundancy?
Redundancy is when an employer reduces their workforce because a job or jobs are no longer needed. … However, if you lose your job and they get someone in to fill it that is NOT a redundancy.
Is redundancy a bad thing?
There’s no shame in being made redundant: it can happen to anyone. If you want to get back to work, the worst thing you can do is keep your redundancy to yourself. Being made redundant can knock your confidence, so it’s important to remember that you aren’t redundant, your last job role is.
What are the stages of redundancy?
Basically, there are five main stages to consider during the redundancy process:Stage 1: Preparation. … Stage 2: Selection. … Stage 3: Individual Consultation. … Stage 4: Notice of Redundancy and Appeals. … Stage 5: The Termination Process.
What triggers a redundancy?
Redundancy can happen when an employer no longer needs an employee to carry out a particular job, or to perform work at the same location and cannot redeploy the employee a suitable alternative role within the employer’s place or work or any other places of work the employer is associated with.