HR Fact: Statutory Redundancy Pay in the UK – Employer Obligations & Employee Rights
📌 Tuesday Blog – HR Fact
HR Fact: Statutory Redundancy Pay in the UK
Content:
When it comes to redundancy, many employers are unaware of their legal obligations. In the UK, employees with two years’ continuous service are entitled to Statutory Redundancy Pay.
The calculation is based on:
-
Age of the employee
-
Length of service (capped at 20 years)
-
Weekly pay (capped at £700 from April 2024)
Failing to follow redundancy law correctly can result in costly Employment Tribunal claims.
👉 At Consensus HR, we ensure your redundancy processes are fair, transparent, and legally compliant, protecting your business and supporting your team through difficult transitions.
Comment from Matthew Chilcott – Owner:
“Redundancy can be one of the most difficult decisions for a business. Getting it wrong isn’t just financially risky, it can damage your reputation. We help SMEs manage redundancy correctly while safeguarding both business and employee interests.”
🔗 Learn more: www.consensushr.com
📲 Follow Consensus HR:
To view more about our range of HR & Employment Law Services
Are you concerned about keeping your business up to date with Employment Law changes?
Your Outsourced Human Resources (HR) Department.
For further information on any of the HR subjects we provide, please click the heading below:
