Excel-based Redundancy Calculator UK
Employees who are made redundant and who have at least two years of continuous service qualify for a statutory redundancy payment. This redundancy calculator allows you to effortlessly calculate the statutory redundancy payment for your UK Staff. The amount that each employee is entitled to will be based on their weekly pay, age, and continuous employment with your employer. This Excel-based Redundancy Calculator UK 2024 will calculate the exact payouts for employees being made redundant based on age, length of service, and weekly pay.
This redundancy calculator has been downloaded by the likes of P&O Ferries, Coventry University and Go South Coast Buses.
Redundancy Score Matrix
This Redundancy Score Matrix is a redundancy selection matrix template that can be used to manage redundancies in a fair, non-discriminatory, transparent and highly efficient way, saving you time and stress.
Employers are required to set up a ‘selection pool’ if they are planning to make one or more employees redundant. A selection pool is a way of grouping employees who are at risk of redundancy and ensuring that employees are selected for redundancy in a fair and non-discriminatory way.