redundancy calculations
Discussion
Hi,
Anyone have any expert knowledge?
Being made redundant, employer has made a calculation of payment which equates to around 4 times HMRC statutory minimum.
I have challenged on the basis that they have only used basic salary in their calcs where they give me benefits such as car allowance, pension contributions etc which increase overall package by 30%.
Seems odd to me that the payment is called compensation but does not fully compensate me for loss of earnings inc benefits.
My challenge has been rejected with no reason just a bland repeat of how they make the calcs.
Is it worth seeking out legal advice or should I just accept a decent multiple over the HMRC rate?
Anyone have any expert knowledge?
Being made redundant, employer has made a calculation of payment which equates to around 4 times HMRC statutory minimum.
I have challenged on the basis that they have only used basic salary in their calcs where they give me benefits such as car allowance, pension contributions etc which increase overall package by 30%.
Seems odd to me that the payment is called compensation but does not fully compensate me for loss of earnings inc benefits.
My challenge has been rejected with no reason just a bland repeat of how they make the calcs.
Is it worth seeking out legal advice or should I just accept a decent multiple over the HMRC rate?
The contractual obligations are not publicised, it could well be that their calcs are fair but I can't help try for more.
What grips me is that my managers have always quoted salary plus car allowance in pay award discussions yet they suddenly ignore this when working out my settlement.
I know of people in head office who receive the car allowance yet never leave the building, I bet those boys see the allowance as salary!
What grips me is that my managers have always quoted salary plus car allowance in pay award discussions yet they suddenly ignore this when working out my settlement.
I know of people in head office who receive the car allowance yet never leave the building, I bet those boys see the allowance as salary!
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