The current economic climate is affecting businesses of every shape and size and – based on recent UK Government statistics – unemployment and redundancy are becoming something of a way of life.
As an employer you have various legal obligations to your employee if their position becomes redundant. It is imperative that you follow procedure to ensure that the process is fair, consistent and sympathetic.
From the perspective of employees, the threat of redundancy can make for a worrying and uncertain time. Every employee – whether you are facing possible redundancy or not – should be aware of their employment rights and how these affect you should you find yourself out of work unexpectedly or otherwise.
UK Redundancy: A Guide for employers and employees
At Simple HR we appreciate and understand the financial ramifications that redundancy can cause to businesses and individuals alike.
Using Simple HR’s confidential Redundancy Calculator, it’s now possible to calculate an indicative sum you could be entitled to based on factors including employment start date, salary and employee date of birth.
Similarly, businesses are able to use the Redundancy Calculator to calculate an indicative cost for statutory redundancy pay based on employee’s individual circumstances.
Start using our Redundancy Calculator now – with no need to sign-up – and you will know the cost of redundancy in as little as thirty seconds.
Helping you and your business comply with the Employment Rights Act
Simple HR are also able to provide you with a comprehensive guide that will take employees and employers through each of the stages that feature within the redundancy process, ensuring compliance with the Employment Rights Act.
If redundancy is affecting your business, contact our human resources experts by email at email@example.com or call us directly on 01506 238745 where one of the team will be happy to assist you.