April 27th 2020

Member Query – Redundancy Terms

A member raised the following questions reqarding redundancy:

  1. Do you have different voluntary redundancy payment terms for managers vs non-managers in the UK?
    1. Yes
    2. No
  2. What is the build-up rate for determining the voluntary redundancy payment for managers in the UK?  E.g.
    1. 2-weeks’ salary per year of service
    2. 3-weeks’ salary per year of service
    3. 1-months’ salary per year of service
    4. Other…please specify
  3. If different to Q2, what is the build-up rate for determining the voluntary redundancy payment for non-managers in the UK?  E.g.
    1. 2-weeks’ salary per year of service
    2. 3-weeks’ salary per year of service
    3. 1-months’ salary per year of service
    4. Other…please specify
  4. What is the cap on the voluntary redundancy payment in the UK?  E.g.
    1. 12-months’ salary
    2. 18-months’ salary
    3. 24-months’ salary
    4. Other…please specify
  5. Do you pay Pay In Lieu Of Notice (PILON) in addition to the redundancy payment?
    1. Yes
    2. No
  6. How does you compulsory redundancy terms compare to voluntary and statutory redundancy in the UK?
    1. Compulsory is more than statutory but less than voluntary
    2. Compulsory = statutory

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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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