Posts tagged ‘unfair dismissal’
As a result of the current economic climate, the last few years have seen a sharp rise in redundancies. Only last week Ulster Bank Limited announced that they will be making a further 350 redundancies in Northern Ireland – see here for the story.
The rise in redundancies has in turn seen an increase in the number of people who need advice on a compromise agreement. Employers are increasingly using compromise agreements, especially in a redundancy situation, to avoid any potential future litigation as a result of bringing the employment to an end by offering some sort of financial settlement in return for the employee agreeing not to sue. It can be daunting when handed a legal document by an employer that looks complicated and full of legal jargon. Plus, if you’re being asked to enter into a compromise agreement, you’ll need to get advice from an independent solicitor to explain what the document means if it is to become legally binding. So what is a compromise agreement? Read more
The annual increase in Tribunal compensation limits will take effect for dismissals occurring on or after 1 February 2012. The maximum compensatory award for unfair dismissal will increase from £68,400 to £72,300, and the maximum amount of a week’s pay (for calculating the unfair dismissal basic award and statutory redundancy pay) will increase from £400 to £430 per week.
Statutory maternity, paternity and adoption pay and statutory sick pay
On 9 April 2012, the lower rate of statutory maternity pay, and the rates of statutory adoption, paternity and additional paternity pay, will increase from £128.73 per week to £135.45 per week. Statutory sick pay will increase from £81.60 to £85.85 per week.