New dismissal compensation limits

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The new compensation limits for dismissals taking place on or after 6 April 2014 have been published.

Of most relevance to employers are: the cap on a week’s pay for the purposes of calculating the basic award increases from £450 to £464; and the maximum compensatory award for unfair dismissal will rise from £74,200 to £76,574…

Click on the link below to read the rest of the Hogan Lovells briefing.