ChatterBank0 min ago
Bonus pay calculation in redundancy
Does any one know if I have a right to have bonus pay calculated into my redundancy. I work for a sales company and have always acheived my targets and this would make my pay 30% more than my company has said that I am entitled to. I work for a large company that is stremlining left, right & centre and it's not like they can't afford it. As of the last four hearings they cannot confirm this.
Thanks
Baby Moo
Thanks
Baby Moo
Answers
Best Answer
No best answer has yet been selected by baby moo. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Depends on the bonus scheme rules or the severance pay agreement, The most likely situation in my view is that the bonus won't be included in the base pay for severance calculation purposes. Severance is compensation for pay forgone. Bonus is linked to sales and if you don't earn it becasue you are not working i think the company probably won't allow for it
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.