As a result of the prevailing economic situation, it is eminent that employees should be prepared for
any eventuality. Many employers are in the process of slashing down their work force as one of the options to
manage their finances. As they prepare for the redundancy exercise it is advisable to keep in touch with the
relevant department to prepare for the inevitable.|
Department of works and pensions (DWP) have offered to fund for a voluntary exit in a bid to slash down
the work force and halt future needs for redundancy This will result to a more peaceful and cohesive working
relationship among employers and employees. Dwp redundancy calculator is in the process of being implemented for
the civil and commercial workers despite the presence of a legal tussle which might hinder the implementation of
the exercise although there is no likelihood of termination in the long run.
This redundancy program is voluntary and is formulated in such a way that it can be accessed by all
employees to their convenience and for the long term good of the civil service and other establishments. This
voluntary redundancy package has special privileges attached to it and the
long term result is the good of the particular employee and the members of the civil and commercial
As much as it clears the chances of an expected redundancy, it also helps to prepare the candidate who
voluntary take it from further economic upheavals which might result when the management might find it hard to
effect such a program It is to the advantage of employees to embrace this golden chance rather than wait for the
unknown when they might have to be made redundant with a normal redundancy package.
Dwp redundancy calculator is the easy way out and is meant to save the employee from further stress as it
is not possible to predict whether the current economic crisis will resolve in the short term. Voluntary redundancy
package guarantees a maximum of 21months pay among other benefits that are attached to dwp redundancy calculator.
Together with that, there is a guarantee of one month pay for every year the employee has worked with a likelihood
of being increased up to two months.
The criterion to the above qualification is a term of service that is not less than two years in the civil
or commercial establishment. The package offers protection to the lowly paid by using the minimum figure of 23,000
pounds which is favorable for those whose salary is below this. In this dwp redundancy calculator, the department
of work and pensions has offered to fund the top up for staff below the minimum pension age of 50 to 55 years. The
gap is big for those employees who are still young in employment and it would be to their advantage in the long run
if they can invest the pensions wisely. Though there are allegations that trade unions were not consulted, the
meaning behind the dwp redundancy calculator is
good and the way ahead will likewise be clearer.
It is prudent to prepare for such eventuality when you will not be in an active employment and the
best way would be to prepare by keeping in touch with those who might offer the necessary assistance when you have
to learn it the had way. You should prepare to consult your mortgage provider and try to formulate a working
formula in case the employer will not be in a position to submit your monthly premiums. The government has fixed
several rescue measures to assist during this critical economic period for vulnerable groups and people and in any
case one can always consult the relevant agencies for guidance.
Eaga Redundancies Formula