Redundancy: Trends in Compensation

Abstract

Redundancy is an unpleasant aspect of working life. Employers, from time to time, find they have too many staff or staff with the wrong skills, and accordingly lay employees off. A recent survey of 400 firms indicated that 9,507 employees had been made redundant in the past year (Russell, McVeigh et al., 1995). Ferguson (1992) identifies various legislators' attempts to tip the balance in favour of employers over the matter of redundancy compensation.