Redundancy entitlements refer to payments made to employees who are involuntarily laid off. These payments are usually made by the employer, but they can also be made through the government or third-party organisations.
Redundancy pay entitlements are intended to provide financial assistance for those who have lost their job and help them to transition into new jobs. Redundancy entitlements may vary depending on where they are paid, but usually include a severance and unemployment benefits.
Redundancy entitlements may be available if your employer has been restructured, downsized or reorganized. This is a list listing the criteria that you need to meet in order to be eligible for redundancy.
You must have been employed by the company for at least two years.
You must be at least 18 years old.
You must be either a part-time or full-time employee.
You cannot have been made redundant in the last 12 months.
A fixed-term contract is not acceptable.
You cannot be a seasonal worker.
You cannot be a casual worker.
Your employer must terminate your employment contract.
You cannot have resigned from the position you hold.
Your employer must have notified you in writing of your redundancy.
What Factors Affect Redundancy Pay Entitlements
Redundancy pay is often interpreted as a simple matter of an employer paying their employees and then sending them on their way. This is a common misconception. Redundancy entitlements can be affected by many factors.
The length of time an employee has been employed by the company is one of the most important factors that can impact their redundancy pay. Most employees will get more redundancy compensation the longer they have been employed by a company.
The role an employee holds within the company is another factor that could impact redundancy pay. Redundancy pay will be more generous for employees in supervisory or managerial roles than those in junior positions.
Redundancy entitlements can also be affected by the company’s size. Redundancy payments will generally be higher for employees working for larger businesses than for those who work in smaller companies.
Can Your Employer Reduce Your Redundancy Entitlement
You may wonder if your employer will reduce the amount you are entitled to in redundancy. Yes. Although most employers must provide the minimum statutory redundancy pay, some employers may be able reduce it in certain cases.
Redundancy pay can be reduced in certain circumstances. Redundancy pay can be reduced if the employee is offered a job at a different employer. Redundancy pay may also be denied to employees who have been employed for less than two year.
It is important to know your rights and entitlements if you are facing redundancy. You can speak to your employer, or a solicitor if you have questions about your redundancy payment.