Myers, Fletcher & Gordon (MF&G) has included a redundancy calculator on its website. This comes as businesses continue to cut jobs in response to the novel coronavirus pandemic.

Although the formula for redundancy is set out in the Employment (Termination and Redundancy Payments) Regulations of 1974, we find that approximately 60 per cent of the calculations that we are asked to review, are inaccurate.

The redundancy calculator will, hopefully, be a useful tool to employers and employees alike in these difficult times. It does not apply to seasonal employees.

There are four main mistakes that employers tend to make when calculating redundancy payments.

ONE MONTH IS NOT EQUAL TO FOUR WEEKS

http://www.jamaicaobserver.com/business-observer/how-to-calculate-redundancy-payments_204261