Redundancy Rights
If you have just been made redundant then now is as good time as any to know your redundancy rights. The world has just been through the biggest recession since the 1930s and unemployment rates across the entire UK and also Ireland have increased drastically. There are various laws that have been passed for anyone who has been laid off from their work. There is also something called redundancy protection insurance to cover yourself against the threat of redundancy.
Redundancy is when an employee has been dismissed because the employer is having to cut production so not as many workers are needed as the term implies “redundant”.
Redundancy law is set down to clarify what an employee qualify’s for, by the way of redundancy payments they are entitled to. Redundancy rights includes the rights to having an advanced warning of being dismissed and receiving redundancy payments.
The UK Redundancy Law
THe RPO looks after all redundancy payments which are used for providing workers with ample time to train or look for future employment.
To claim a redundancy payment a worker must have been with the employer continually for at least 2 years by the way of a written or spoken contract of their employment. A worker must be dismissed because of redundancy to be entitled to it.
Unfortunately not all UK employees qualify under redundancy rights. Those who do not include civil staff and the Armed Forces who are normally always covered by others ways. An employee who gets a share of any production does not usually get anything.
Any redundancy rights include holiday pay, any unpaid wages and redundancy pay of course.
The number of years served is the basis of the minimum notice required. Older workers can sometimes find it more difficult to find a new job so extra effort is made to To recompense them.
You can check out redundancy rights in more details on the official government website.
The Ireland Redundancy Law
The Irish Redundancy rights is different to that of the UK. Statutory redundancy payments are paid to redundant workers who will get paid 2 weeks for every year of work. It is based on the employment time and earnings per week.
An employee aged between 16 – 66 years old with 2 years continual service will qualify for a statutory redundancy as long as employment was insured under Social Welfare Act. Any Employer must give a worker 2 week’s notice of any forth coming redundancy. Lump sum payments are calculated on 2 week’s salary for every year of employment and also would be given a bonus week added on.
Redundancy rights are so important to know and are there to help and protect you in the UK and Ireland should you ever need to claim, as they will provide you with that safety net for you and your family’s future, check out redundancy insurance for much more info.
