With effect from today, 1 February 2011, the maximum compensatory award for unfair dismissal increases from £65,300 to £68,400.
The minimum award for unfair dismissal also increases at the same time from £4,700 to £5,000.
A week's pay, for the purpose of calculating the basic award for unfair dismissal (and redundancy), increases from £380 to £400. These increases are applicable where the event that gave rise to the entitlement to compensation occurred on, or after, 1 February 2011.
For any business the prospect of attending an employment tribunal and being faced with compensatory awards of this amount is daunting. Minimise your risks by making sure your HR processes are in excellent order and staff issues are dealt with before they become a dispute.
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