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How To Calculate Redundancy Victoria
How To Calculate Redundancy Victoria. Public health services, schools and standalone tafe institutes. Some examples include introducing an automated process to do the job or the business relocating or closing down.

Your genuine redundancy payment is: Use our notice and redundancy calculator to calculate redundancy pay. When your job is made redundant your employer has to give you redundancy pay, also known as severance pay.
At Least 2 Years But Less Than 3 Years.
The following table is used to calculate the redundancy pay based on the period of continuous service: Four weeks redundancy pay period. Ask us anything about redundancy.
Public Health Services, Schools And Standalone Tafe Institutes.
A genuine redundancy payment is a payment made to you as an employee if your job is abolished and you no longer have a job. We offer free initial advice about redundancy to business owners and employers. Your redundancy pay period is a formally assigned period of time reflecting your years of continuous service at the company.
An Alternative To Giving An Employee Notice Is Payment Equal To The Wages For The Notice Period.
Your genuine redundancy payment is: Base rate x redundancy pay period = redundancy pay. The provisions in this policy apply to the redundancy/termination process in victorian public sector agencies.
This Means Your Employer Has Made A Decision That Your Job No Longer Exists, And Your Employment Is To Be Terminated.
To find out when redundancy doesn't need to be paid, visit who doesn't get redundancy pay. Base rate of pay x redundancy pay period = redundancy pay. Under the national employment standards (nes), redundancy pay doesn't need to be paid in some circumstances, such as if the employer is a small business or the employee is a casual.
We’ll Make Sure You Get The Right Advice.
There are many reasons why a redundancy may occur. Payment in lieu of notice. Use our notice and redundancy calculator to calculate redundancy pay.
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