What do I have to pay when I make someone redundant?

This article provides guidance on the minimum legal payment requirements when making an individual (or group) redundant.

There are three major areas of risk for businesses when implementing redundancies:

1. Making sure the reasons are lawful;
2. Complying with the required process; and
3. Paying all the right entitlements and, on time!

Failing to meet the legal requirements involved in the above items can expose you and your company to potential compensation orders and substantial fines as well.

This article is designed to help guide you as to the right entitlements and timing when you have to dismiss an employee(s) due to a genuine redundancy(ies).