What are you entitled to when you are made redundant?

For each full year you’ve worked for your employer, you get: up to age 22 – half a week’s pay. age 22 to 40 – 1 week’s pay. age 41 and older – 1.5 weeks’ pay.

How much redundancy is an employee entitled to?

You’ll normally be entitled to statutory redundancy pay if you’re an employee and you’ve been working for your current employer for 2 years or more. You’ll get: half a week’s pay for each full year you were under 22. one week’s pay for each full year you were 22 or older, but under 41.

What criteria do companies use for redundancy?

The following criteria can be used when selecting employees for redundancy:

  • Skills and experience;
  • Attendance and disciplinary records;
  • Standard of work performance; and.
  • Aptitude for work.

How many weeks pay do you get for redundancy in Australia?

payment in lieu of notice of termination – maximum of 5 weeks. redundancy pay – up to 4 weeks per full year of service.

Do I get holiday pay if I am made redundant?

When you are made redundant, you are also entitled to any holiday pay you are owed for untaken holiday days. However, be wary – if you have taken MORE days than your entitlement your employer is within their legal rights to dock this from your final pay settlement.

How much redundancy will I get for 12 years?

How does the redundancy calculator work? By law, eligible employees are entitled to: half a week’s pay for each full year of service under 22-years-old; one week’s pay for each full year of service between 22 and 41-years-old; and one and a half week’s pay for each full year of service over 41-year-old.

How do you calculate weekly pay for redundancy?

What is a “week’s pay” when calculating the entitlement to a redundancy payment? In general, a week’s pay will be calculated by taking the annual salary and dividing that sum by 52 weeks.

What is unfair selection for redundancy?

What is unfair redundancy? Unfair dismissal occurs when an employer has not followed a fair redundancy process. You should always speak to employees directly about why you have selected them and look at any alternatives to redundancy. The redundancy procedure may be considered unfair.

What is a fair redundancy process?

Your employer has to follow a fair redundancy process if you’ll have worked for them for at least 2 years by the time your job ends. You should be invited to at least 1 individual meeting with your employer to discuss redundancy. Apart from your individual meeting there isn’t a set process.

How do you calculate redundancy pay Australia?

An employee is entitled to redundancy pay when they are made redundant and dismissed from their employment. The formula to calculate redundancy pay is as follows: Base rate x redundancy pay period = redundancy pay.