Can we keep 2 weeks wages as security?
We are a small business just about a year old. We have problems with some staff leaving without our stipulated 2 weeks notice . Our salaries are not the most lucrative around but they are fair. Staff are fully aware of the salary when they apply and accept the job.
Can we legally include in the contract that we will be holding two weeks wages as security, so that they lose it if they leave without the notice?
It sounds harsh, so are there any alternatives?
Appreciate all the answers, as our accountant is not sure either.
- ICPA taxwise fee protection 120 2
- Tax code for Companies House fees 169 3
- Scoot 139 3
- G'day IPA-IFA 645 11
- Why do HMRC have a different FPS liability to the amount I sent? 1,425 20
- VAT customer is registered in France, goods shipped to the UK 97 1
- Regaining my qualification 159 2
- Self-Assessment - NIC Exemption 225 2
- Recommendations for tax advice sole practitioner 174 2
- Auto enrolment 173 3
- Shareholder agreement 160 3
- Tax treatment of cashed in American Savings Plan 193 3
- Company Reorganisation 151 3
- Employee Loan 189 2
- IRIS - Personal Tax - 2013/14 - Page UKP2 457 15
- Statutory residence test - transit days 577 5
- CGT - Is a calculation required now? 134 1
- Wear and tear allowance 460 6
- Accountants' Error 652 12
- Website development costs - tax and accounting treatment 354 6
- Skandia using wrong address 1,447
- Nil Rate Band Trust - index linked debt by way of charge over property 754
- Any views 688
- HMRC Employers Diary 520
- International interest certificate 422
- Stamp Duty on share for share exchange 384
- Sale of business 348
- NOVA 254
- Advertising services? 245
- IRIS Open Books problem 239