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June 19th 2017

Member Query – Enhanced Redundancy Practices

  • Tags
  • Pay
  • Bonus
  • Redundancy

In this member query, a company is reviewing their current enhanced redundancy practices and wishes to know other members' answers to the following questions:

1. If you offer enhanced redundancy pay, do you have a minimum service requirement and what is this?
2. If you offer enhanced redundancy pay, how many weeks’ pay do you pay and do you apply any caps?
3. Do you pay bonus payments for those being made redundant?

This resource is available to PARC members only. To access, please log in with your username and password.

If you are not a member of the PARC network and are interested in membership please contact Richard Hargreaves, Commercial Director, on +44 (0) 20 3457 2630 or at richard@parcentre.co.uk.

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