If an employee is being made redundant they will be entitled to a period of notice and, for those with at least two years’ service, a statutory redundancy payment. They should also be paid in respect of accrued but untaken holidays, if appropriate.
Statutory redundancy payments can be relatively small therefore some employers offer a payment in excess of the statutory minimum – usually called enhanced redundancy payments. This can be offered for a variety of reasons:
- it may be that it forms part of