Increase in minimum redundancy pay
Employers are being reminded of increases to the amount of an employee’s weekly earnings that count towards statutory redundancy pay.
As from 1 February, the amount has risen from £330 to £350.
Also taking effect from 1 February are changes to the basic and compensatory awards for unfair dismissal.
A list of the increases can be found on the Department for Business, Enterprise and Regulatory Reform website at http://nds.coi.gov.uk/environment/fullDetail.asp?ReleaseID=391461&NewsAreaID=2&NavigatedFromDepartment=True