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User-friendly Redundancy Calculator Available Online to BPIF Members

Tuesday, May 24, 2011

Press release from the issuing company

The BPIF is pleased to announce the launch of its online redundancy calculator, an easy to use and user-friendly online service tool which will assist members to make the necessary calculations with regards to redundancy pay.

Nobody needs reminding that the last couple of years have been the toughest many have known within the industry.  Managers have had to make very difficult decisions in order to keep the business afloat and, unfortunately, that has often meant employees losing their jobs through redundancy.

The BPIF has always taken an active role in assisting members through good and bad and has a wealth of knowledge on redundancy issues.  HR Advisers have spent more time than usual advising on both large and small scale redundancies and the BPIF is pleased to note that, although some such exercises are still ongoing, they are much reduced and involving fewer employees.

However it is always useful to be able to streamline the administration during such an exercise, so that managers can concentrate on dealing with the personal issues that come with potential termination of employment.  As a result the BPIF has developed an online tool to perform the necessary calculations involved in compiling the figures on individual redundancy pay and on assessing the overall monetary impact on the business.

Anne Copley, Head of Legal and HR, is therefore very pleased to be able to announce today the launch of the BPIF online redundancy calculator.  "It's easy to use and can accommodate any number of individuals.  It will give you a quick view of the individual's gross entitlement and also the full cost to the business of all redundancy and notice payments.  Whilst nothing can really ease the pain of a redundancy exercise we hope this can at least remove some of the headaches".

The calculator is available to members under "Membership Services" on the BPIF website www.britishprint.com .  If you have any difficulty accessing the website, please contact your local Business Centre.

For general advice on redundancy please contact your local HR Adviser.


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