User-friendly Redundancy Calculator Now Available Online to BOSS Members

No-one needs reminding that the last couple of years have been the toughest many have known within the industry. Managers have had to make very difficult decisions in order to keep the business afloat, and unfortunately that has often meant employees losing their jobs through redundancy.

BOSS has always taken an active role in assisting members through good and bad, and has a wealth of knowledge in particular on redundancy issues. HR Advisers have spent more time than usual advising on both large and small scale redundancies and BOSS is pleased to note that although some such exercises are still ongoing, they are much reduced and involving fewer employees. 

However it is always useful to be able to streamline the admin during such an exercise, so that managers can concentrate on dealing with the personal issues that come with potential termination of employment. Available to members with Gold and Platinum level membership an online tool has been developed to assist in the necessary calculations involved in compiling the figures on individual redundancy pay and on assessing the overall monetary impact on the business. 

Anne Copley, Head of Legal and HR, is therefore very pleased to be able to announce the launch of the BOSS online redundancy calculator. "It's easy to use and can accommodate any number of individuals. It will give you a quick view of the individual's gross entitlement, and also the full cost to the business of all redundancy and notice payments. Whilst nothing can really ease the pain of a redundancy exercise, we hope this can at least remove some of the backache" 

The calculator is available to members under "Membership Services" on the BOSS website www.bossfederation.co.uk. If you have any difficulty accessing it, please contact your local Business Centre