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Redundancy Calculators, are they accurate?

Monfreid · 2016-04-19 11:05:43

Hi, just wondering about the different Redundancy calculator we can find on the net (one of them is an Excel spreadsheet that seems to be very comprehensive) One of my colleague was made redundant last year (similar salary and similar length of service than myself). He told me that he got 90K but the redundancy calculator…

19-04-2016 12:05PM

#1

Monfreid

Registered Users, Registered Users 2 Posts: 102 ✭✭

Join Date: April 2012

Posts: 70

Hi,
just wondering about the different Redundancy calculator we can find on the net (one of them is an Excel spreadsheet that seems to be very comprehensive)
One of my colleague was made redundant last year (similar salary and similar length of service than myself). He told me that he got 90K but the redundancy calculator I used, gave me something around 56K for me so the numbers don't add up.
Is there anything that companies would add on top of the "Enhanced ex-gratia payment multiplier" (4 weeks for my company) and the Statutory redundancy to explain the difference between what he got and what the calculator gave me?
Thank you

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