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Redundancy Calculation Query

  • 24-09-2008 3:26pm
    #1
    123ENS
    Closed Accounts Posts: 1 ✭


    Hi there,

    Just after finding out I am being made redundant. I am trying to find out how to calculate redundancy and have found the redundancy calculator.

    But my questions is
    I have worked for this company for 3.5 years. For approx. 2 years of this I worked full time 5 days a week on a considerably higher wage than now. But for the last year and a half I worked only 4 days, (my choice) and received approx 380.00 per week. Can anyone tell me aproximately what my redundancy will be. Does the fact that I worked for two years on a higher wage impact the redundancy figure at all or will it be calculated on what I have been receiving in the last year.

    Thanks for all the help.


Comments

  • #2
    Carpenter
    Registered Users, Registered Users 2 Posts: 2,683 ✭✭✭Carpenter


    https://redundancy.entemp.ie/rpsportal/initialiseRedundancyCalculatorAction.do?locale=en


    If it does not work copy and paste it best of luck getting a new job rember change is always good its just the bit in the middle that is bad


  • #3
    patpark121
    Registered Users, Registered Users 2 Posts: 161 ✭✭patpark121


    I'm currently going through that process. From personal experience i think redundancy payment will be based on your current weekly wage. I assume the 380 is net income & your employer is paying statutory only?
    So you can calculate your redundancy @ approx 7 weeks payment.


  • #4
    Eurorunner
    Closed Accounts Posts: 2,393 ✭✭✭Eurorunner


    patpark121 wrote: »
    I'm currently going through that process. From personal experience i think redundancy payment will be based on your current weekly wage. I assume the 380 is net income & your employer is paying statutory only?
    So you can calculate your redundancy @ approx 7 weeks payment.
    How many weeks/year is statutory?
    Would it be true of most (non corporate) companies that they offer just statutory? Always wondered what the incentive was for a company to offer more than statutory...?


  • #5
    Eoin
    Registered Users, Registered Users 2 Posts: 21,263 ✭✭✭✭Eoin


    Eurorunner wrote: »
    Always wondered what the incentive was for a company to offer more than statutory...?

    Well, for voluntary redundancies, they obviously want to entice people to take it up, but I imagine you're talking about just letting people go.

    I guess some amount of good will may be part of it (that could be me being naive though), but also I think that a company might want to give the impression that they are not absolutely broke, but want to streamline a little - therefore sending a more positive message to investors.


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