Reasons to choose Wilson Browne
The Employment Rights (Increase of Limits) Order 2023, which sets out the increases to the awards in the Employment Tribunal, has just been published.
The new rates, which come into effect on 6 April 2023, will be used for any dismissals taking place on or after 6 April 2023 are:
- Compensatory Award – the limit on the amount of compensatory award for unfair dismissal has increased to £105,707.00. It was previously £93,878.00.
- Basic Award and Redundancy Payments pay – the cap for this has increased to £643.00 for “a week’s pay”. The previous figure was £571.00 per week.
This means that unfair dismissal claims could carry with them a greater cost.
It also means that organisations will have to budget for higher redundancy packages for any redundancies taking effect after 5 April 2023.