EMPLOYMENT PRESENTATION

Option A...

TERMINATION

TERMINATION PAYMENT

• One month’s contractual notice pay = £3,833.33
• Accrued annual leave = £4,953.76
• Total amount = £8,787.09

ANNUAL LEAVE ENTITLEMENT

• 25 contractual days, plus 8 public holidays = 33 days
• Pro rata 2.8 days per month x 10 months = 28 days total
• Daily rate £176.92
• Total = £4,953.76

Option B...

SALVATION

JOB SUPPORT SCHEME

• Cheaper than redundancy & enables:-
• Telemarketing - intel into businesses travel plans; build new relationships; keep finger on pulse
• Market research - industry developments; TMCs facing closure; new clients; prepared for industry bounce back
• Account Management - Snapon’s online tool; MI reports for existing clients

JOB SUPPORT SCHEME CALCULATIONS

• Usual gross monthly salary: £3,833.33
• Usual monthly hours 151.66
• JSS monthly hours: 30.33 (20%)
• TMB pays £891.62
• HMRC pays £1,541.75
• JW receives £2,433.37

PROPOSAL

Untitled Slide

• TMB keeps JW on JSS for 6 months
• TMB cost = £891.62 per month
• Total cost for 6 months = £4,349.72 (includes £1000 HMRC return after 3 months)
• Saving of £4,437.37 (50%) compared to termination payment (£8,787.09)
• JW agrees to waive 2020 holiday entitlement
• TMB agrees to a 6 month non-termination clause