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statutory redundancy pay calculation

How to calculate statutory redundancy pay

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Whether your business is going through a period of change, you’ve enlisted new ways of working or you’re changing location or closing branches; the ever-changing tides of the economic environment and the very nature of business means that making staff redundant is one of the most frequently used methods by employers to cut costs. Deciding to proceed with redundancies must be a last resort, and all other avenues or solutions must be explored before staff are made redundant. Employees must be selected for redundancy in a fair way. This may be down to their level of experience, skills or ability…

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