Query over redundancy issue
Discussion
All,
Background info:
On a grad scheme, 3 year scheme, on a training contract to do CIMA
Been working for the company for a year, recently the company announced that there would be a severe headcount reduction.
Received an email saying grads were ringfenced.
However now it turns out that the finance grads are to be part of the head count reduction and may be made redundant.
My query focuses on the fact that:
We are on a training contract,
Other non finance grads are safe.
New finance grads (this years intake) recently started & are definately safe.
Question:
Are there any legal implications here? Ie making us redundant whilst taking in new grads. Or the training contract?
If not:
Anyone want a dynamic, part CIMA qualified, and intelligent 24 year old?
Background info:
On a grad scheme, 3 year scheme, on a training contract to do CIMA
Been working for the company for a year, recently the company announced that there would be a severe headcount reduction.
Received an email saying grads were ringfenced.
However now it turns out that the finance grads are to be part of the head count reduction and may be made redundant.
My query focuses on the fact that:
We are on a training contract,
Other non finance grads are safe.
New finance grads (this years intake) recently started & are definately safe.
Question:
Are there any legal implications here? Ie making us redundant whilst taking in new grads. Or the training contract?
If not:
Anyone want a dynamic, part CIMA qualified, and intelligent 24 year old?
I'm no employment law expert but I would guess all the finance grads would be in the same pool, I don't see legally how they could say the latest intake were ok, but not the group from last year.
You would think they would want to retain more of the experienced group who have spent the last year settling in and learning how the company works.
Hope it goes ok, cima is a great qualification to have.
You would think they would want to retain more of the experienced group who have spent the last year settling in and learning how the company works.
Hope it goes ok, cima is a great qualification to have.
You're only real case here is to be able to show that you have been unfairly selected for redundancy
A business is entitled to set criteria for redundancy, but it does look a bit odd that people with less experience are being preferred - or that the company is recruiting whilst declaring staff of a similar skill set redundant
I'd ask them to explain their reasoning.
A business is entitled to set criteria for redundancy, but it does look a bit odd that people with less experience are being preferred - or that the company is recruiting whilst declaring staff of a similar skill set redundant
I'd ask them to explain their reasoning.
SLCZ3 said:
iirc under 2 years employed, then basically minimum consultation/payment/notice ref redundancy consideration. Check out government websites regarding employment/contract/redundancy conditions.
This could be misleading. With less than 2 years service there is no entitlement to statutory redundancy payments but unless the employer follows the correct dismissal procedures and a fair redundancy selection the employer can still expose themselves to claims for unfair or wrongful dismissal.Who is paying for the first year grads? if they are safe then it sounds like maybe their salary is being paid (or offset)against some sort of grant /or allowance, if so I'd qusetion what the provider of the 'grant' has to say about you being laid off.
I wouldn't worry about looking for a CIMA training scheme either, I'm an FCMA and providing you passed the exams and got membership I wouldn't care if you were part of a formal training scheme, In fact from what I've seen of my employers scheme I'd rather get some one who had 'done it themselves'.
I wouldn't worry about looking for a CIMA training scheme either, I'm an FCMA and providing you passed the exams and got membership I wouldn't care if you were part of a formal training scheme, In fact from what I've seen of my employers scheme I'd rather get some one who had 'done it themselves'.
The item below is based on those aged 22 to 41, who are legally entitled to a one week's pay for every year.
minimum payouts:
• 0.5 week's pay for each full year of service where your age was under 22
• One week's pay for each full year of service where your age was 22 or above, but under 41
• 1.5 week's pay for each full year of service where your age was 41 or above
redundancy payments under 30,000 pounds are tax free!
minimum payouts:
• 0.5 week's pay for each full year of service where your age was under 22
• One week's pay for each full year of service where your age was 22 or above, but under 41
• 1.5 week's pay for each full year of service where your age was 41 or above
redundancy payments under 30,000 pounds are tax free!
SLCZ3 said:
The item below is based on those aged 22 to 41, who are legally entitled to a one week's pay for every year.
minimum payouts:
• 0.5 week's pay for each full year of service where your age was under 22
• One week's pay for each full year of service where your age was 22 or above, but under 41
• 1.5 week's pay for each full year of service where your age was 41 or above
redundancy payments under 30,000 pounds are tax free!
Worth adding that this is the statutory requirement and is capped at £380/week. You will also need the relevant qualifying service to be eligible.minimum payouts:
• 0.5 week's pay for each full year of service where your age was under 22
• One week's pay for each full year of service where your age was 22 or above, but under 41
• 1.5 week's pay for each full year of service where your age was 41 or above
redundancy payments under 30,000 pounds are tax free!
Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff