how to calculate your redundancy payout
Calculate your employee's statutory redundancy pay. Calculate an employeeâs statutory redundancy pay. Redundancy payments are based on age, weekly pay and number of years in the job.Employees only qualify if theyâve worked at least 2 full years for you.Start now.Last updated: 5 October 2015.alculate your employee's statutory redundancy pay. Calculate an employeeâs statutory redundancy pay. Redundancy payments are based on age, weekly pay and number of years in the job.