Employment Rights Act 1996

Contract of Employment
A Contract of Employment defines the relationship between an employer and an employee, outlining duties, control measures, and compensation.
Redundancy Payment
The sum that an employee dismissed due to redundancy is entitled to receive from his or her employer under the Employment Rights Act 1996. It is based on the employee's age, years of continuous employment, and weekly pay.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.