Experts in Business

The annual increase in compensation limits has just been published (for dismissals and other trigger events occurring after 1st February 2009).
The key increases are:

• compensatory award: £63,000 to £66,200
• a ‘week’s pay’: £330 to £350
• maximum redundancy payment: £9,900 to £10,500

This Order increases the limits applying to certain awards of employment tribunals, and other amounts payable under employment legislation, as specified in the Schedule to the Order.