Archive for February, 2013

How Much Redundancy Pay is an Employee Owed?

February 26th, 2013

Redundancy payment often includes a few different components for individuals employed in Australia.

A Genuine Redundancy Payment is one component that isĀ  available to those whose jobs have been terminated after offering dedicated service. The specific terms of Genuine Redundancy Pay do vary depending upon the employer. However, it is typically:

A lump sum payment when employment is terminated
An added payment for each year of service offered to the company

The next component often included with a termination package is the Employment Termination Payment. Employees receive:

Payment for unused days off
Payment for unused sick days
Payment as a …

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Which Employees are Entitled to Redundacy Pay in Australia

February 9th, 2013

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What Must Be Included With Employee Final Pay?

February 3rd, 2013

When an employee is leaving the company, there are some minimum financial compensation requirements that you must submit to as an employer. These requirements, according to the Australian Government Fair Work Ombudsman apply whether you have terminated the employee, or if they resigned.

Pay all outstanding funds – you must pay an employee that is leaving their full wages based on their hours worked, or based on their normal salary. This includes any overtime hours worked, and any penalty rates that apply. Just because an employee is leaving doesn’t mean you owe them any less than an employee that is …

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