Financial support if you are made redundant

Unfortunately, no job is completely secure. Even businesses with a long history of success can be struck by unforeseen circumstances that mean jobs have to be cut. However, the 2020 global pandemic has meant that job security feels even more unstable than usual for many people.

So, what happens if you do lose your job? Can you get financial support if you are made redundant? 

Redundancy pay

If you have been with your employer for longer than two years, then you automatically qualify for statutory redundancy pay. If you have been there for less than two years, you might not be entitled to any compensation, its down to the individual employer. 

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Morses Club

More articles like this

Morses Club

Doorstep loans myth busting

Facts are important. When it comes to doorstep loans, a lot of people may already firm opinions, despite not knowing the real facts about how they work. Second-hand information, assumptions and falsehoods could all have contributed to some

Morses Club

Doorstep loans vs payday loans

When searching for a short-term loan, you may have come across the phrases ‘doorstep loan’ and ‘payday loan’. But what do these terms mean, and what’s the difference between the two?  Understanding the difference will help you choose

Morses Club

Morses Club announce new Board appointments

Morses Club PLC (LON:MCL), an established provider of non-standard financial services, has announced the appointment of Sheryl Lawrence and Michael Yeates as Independent Non-Executive Directors and the appointment of Gary Marshall, Chief Operating Officer, as Executive Director, effective

Morses Club

Morses Club change of registered office

Morses Club PLC (LON:MCL), an established provider of non-standard financial services, has announced that, with effect from today, 28 April 2021, the Company’s registered office address has changed to Building 1, The Phoenix Centre, 1 Colliers Way, Nottingham NG8 6AT.

Morses Club

Interest rates explained

When it comes to loans and finance, many consumers are still left perplexed or intimidated by what phrases such as ‘interest rates’ and ‘APR’ really mean. Here we’re going to explain in simple terms just what an interest

Morses Club

What is a direct lender?

It’s a question that could pop up when you’re considering borrowing money, thinking about a direct short term loan or searching for a low interest loan provider that’s right for you. What exactly is a direct lender? Well,

Morses Club

How to choose the best loan for you

Finding the right loan could make your borrowing cheaper, lower risk and easier to manage. There are many different types, for different purposes and all with different interest rates to consider. So while that might make your task

Morses Club

Doorstep loans myth busting

Facts are important. When it comes to doorstep loans, a lot of people may already firm opinions, despite not knowing the real facts about how they work. Second-hand information, assumptions and falsehoods could all have contributed to some