if an employee has been working for me for 8 years, but the business will be closing down, does anyone know how much i have to pay him ?
2007-10-04 01:38:25 · 3 answers · asked by grrrzippy 2 in Business & Finance ➔ Small Business
UK answers only please
2007-10-04 02:19:50 · update #1
The last periods pay. Any holiday pay. Redundancy which is 1, 1/2, 2 weeks pay (depending on their age) for every year of service up to a maximum of 8 weeks pay in total. Check this last it might have changed in the last 3 years.
2007-10-04 02:35:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You're under legal contract to pay employees for time worked. I'm not sure how accrued vacation days rate when a business is closing, but the employees can't be considered as 'working for free'. They can take you to court to recoup unpaid wages, and you'd be left paying court costs.
2007-10-04 13:35:44 · answer #2 · answered by Elaine M 7 · 0⤊ 0⤋
I believe it's the regular wage that you have been paying him since he's been working for you. When a restuarant in my city closed down, all of the employees were paid for the week they worked before the restaurant closed up until their last day of work.
2007-10-04 02:15:24 · answer #3 · answered by Kimbre 2 · 1⤊ 0⤋