What is the employee’s right to a statutory redundancy payment?
Each employee who has two or more year’s service has the right to receive a statutory redundancy payment on termination of employment. If the employee has been working between the ages of 21 and 41, the entitlement is a weeks pay (subject to a statutory cap) times full years worked. There is a multiplier of 1.5 for years worked over the age of 41. Call us today on 0207 324 6271 for an exact calculation. What is the employee’s statutory right to notice? Each employee has a statutory right to receive notice as set out below: • All employees with more than three months’ continuous employment have a statutory right to receive one week’s notice. • One week’s notice for each full year worked, up to a maximum of 12 weeks. • If the contractual entitlement to notice is greater than the statutory right, then the employee has the right to receive the contractual entitlement. There is no obligation on the employer to give payment in lieu of notice, although often employers choose to do so. Do empl
