All companies recognise that it takes teamwork to succeed. Companies need enthusiastic and motivated staff to maximise their businesses and grow to their full potential. However when times get tough, companies need to reduce overheads in order to protect as many jobs as they can. Some companies ask people to take pay cuts, others suggest four-day working weeks. Tough times call for tough actions and the last action any company wants to do is to make their loyal, capable people redundant. Some companies will have other reasons for making redundancies. These can include - company takeovers, necessary closure or relocation of offices or lost business. Redundancy occurs when the job has ceased or the requirements for the job are diminishing. Whatever the reason, we must try and accept the situation. Try to look forward, not back.
If the possibility of redundancies has been announced and you have been working for the company for more than two years, your company will be likely to hold a meeting with you. This meeting will be to discuss your personal situation and your views about the reduction in business to see if there are other opportunities available for you e.g to transfer to another section, ideas to increase business etc.
If you have worked for the company for a continuous period of two years, you are entitled to redundancy pay on top of your notice period. People aged under 22 will receive half a weeks pay for each year of service. People aged 22 but under 41 will receive one weeks pay for each year or service. People aged 41 and over will receive one and a half weeks pay for each year of service. Your contractual notice period is payable on top of the redundancy pay along with any holiday pay you are entitled to. Some companies also offer ex-gratia payments in addition to the statutory payments.
You will also be given a financial statement detailing the calculation of the redundancy pay.
Whilst you are under notice of redundancy and have been continuously employed for at least two years, you are entitled to take reasonable time off with pay during working hours to look for another job or to make arrangements for training for future employment. However, your employer only has to pay you up to two-fifths of a week's pay for it. For example, if you work five days a week and you take four days off in total during the whole notice period, your employer only has to pay you for the first two days.
Jose joined New Frontiers in 2000 working a variety of roles from recruitment consultant to in-house recruiter and staff trainer and now General Manager. Jose has a wealth of travel industry experience having worked in travel for 8 years prior to joining New Frontiers with roles in retail and for a tour operator.