Statutory qualifying periods & rates July 2014

Employment Facts and Stats 

Statutory employment law qualifying periods & rates

 

depositphotos_5422513-3d-small---way-choiceSo many employment facts and laws for employers to remember.  And, it is sometimes hard to know where to go for trusted information you can rely on.

These are the legally required, qualifying employment periods an employee needs to have the right to take their claim against you to a tribunal or qualify for redundancy pay.

It also gives the time limit for an employee to take any claim to a tribunal after their employment has been terminated.  And finally, the statutory compensation limits for each.

 

Compensation limits Qualifying period Time limits to bring a claim
Unfair dismissal The lower of £76,574 & annual salary (see above) 2 years, 1 year if employed prior to 6 April 2012 3 months from the Effective Date of Termination (EDT)
Breach of contract (wrongful dismissal) Tribunal: £25,000 High/County Court: No limit None 3 months from the EDT and 6 years from breach
Redundancy pay £13,920 (30 weeks pay) 2 years 6 months from EDT

 

Taken from our Facts and Stats update 2014

Hello, I’m Carole Thomson and I founded HR Support for Business to give small and medium Carole Thomsonbusinesses access to a trusted HR Resource Centre when needed.

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I hope you have found this employment data useful.  With so many changes in the world of Employment Law and statutory payments to remember, I will continue to try and provide you with any updates I feel may be useful to you.

Redundancies or the ending of any contract of employment, for whatever reason, can be complex to manage, so needless to say, if I can be of any help please do not hesitate to contact me.  We offer a 30 no obligation free phone consultation to discuss your business needs and how HR Support for Business can help you.

Either call me, or e-mail me direct at carole@hrsupportforbusiness.co.uk  and I will call you back.

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Perhaps our latest Employers Newsletter or the full Employment Facts and Stats update this article was extracted from.  Combined these two documents will inform you of key employment law changes and the up to date statutory rates that will effect your business.  And of course, they are free of charge.

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Regards

Carole

Carole Thomson Chartered FCIPD, Tech IOSH
Senior HR Consultant and Trainer
HR Support for Business
Tel: 078994 25916/ 079412 62492 /01295 788 579   carole@hrsupportforbusiness.co.uk
www.hrsupportforbusiness.co.uk  /in/carolethomson

 

About Carole Thomson

Following 16 years implementing HR solutions for businesses I founded HR Support for Business. Designed to be a one stop trusted HR Resource centre for small and medium businesses. Working locally or virtually we can be your HR team member when you need us. Or give SMEs access to tried and trusted HR contracts, policies and documentation. A self service HR resource to make it easier for SMEs to manage their people and save time and money in development and management time.

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