Society & Culture1 min ago
Buildersmate
4 Answers
Should notice pay be paid for staff leaving on a compromise agreement? TIA
Answers
That's what I'm saying F30, there's no 'fixed' sum paid in a compromise agreement (in the way that a redundancy payment has to to be minimum sum, though is often more). So I think the wording in the agreement says something along the lines that it includes an amount to cover the appropriate notice period.
Only the employee can judge whether accepting the deal...
14:03 Sat 06th Feb 2010
Notice pay is part of the contract, so if the employee is being asked to leave and a deal is being done that involves money in exchange for not pursuing a claim at ET, then it has got to be built in there somewhere. It is invariably paid as 'money in lieu of notice' and foms part of the overall sum on offer.
That's what I'm saying F30, there's no 'fixed' sum paid in a compromise agreement (in the way that a redundancy payment has to to be minimum sum, though is often more). So I think the wording in the agreement says something along the lines that it includes an amount to cover the appropriate notice period.
Only the employee can judge whether accepting the deal on the terms offered is a good idea or not.
Only the employee can judge whether accepting the deal on the terms offered is a good idea or not.