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Agreeing new contract with Employer
Thompo17
Posts: 67 Forumite
To protect me in future against redundancies do I need to stipulate anything?
In event of future redundancies etc Govt and Employer will payoff always be dated to when i joined /agreed initial contract or will it be dated to latest contract I signed?
Ive been offered increase with new contract and job position but not a great increase. Im in a vulnerable industry and need to be mindfull of redundancy
In event of future redundancies etc Govt and Employer will payoff always be dated to when i joined /agreed initial contract or will it be dated to latest contract I signed?
Ive been offered increase with new contract and job position but not a great increase. Im in a vulnerable industry and need to be mindfull of redundancy
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Comments
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Your continuous service for redundancy calculations should date from when you joined the company, so long as you have not had a break in employment (maternity/sick leave etc do not count as your employment continues during these times). Have you been offered a new contract with same employer? If so this should state in it your continuous service date ie date you joined the company, and if it doesn't, I'd want it to be amended so that it did!0
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If the firm becomes insolvent and can't pay the staff then all you will get is the government formula regardless of any contractual terms. The only protection in this instance is to ensure that your service in continuous.
Providing you think the firm is going to continue then you can protect yourself in all sorts of ways - providing they will agree! Normally this only happens in a head hunting situation where the firm agree special or enhanced terms to get the person they want. This could include a pre agreed severance package, a greatly extended notice requirement or an agreement to credit you with additional years service. Depending on your age some of these benefits could be factored into your pension for tax reasons.0 -
Whether or not service is continuous is a matter of fact not a matter of what is written in a contract.
That said, it does no harm to ensure that the contract is accurate and that you do not break your service at any time by having more than a week's break between contracts.0
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