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.
- The stupidity continues 637 24
- Limited company director - other earnings in the tax year 233 4
- transactions after account have been closed 190 4
- Can I claim Vat on solicitors invoices? 175 5
- CIMA at the age of 35?? 536 10
- Offsetting CT losses against another company 226 6
- Calculating capital gains tax for non-residents UK residential property 129 1
- CIS. Why is it so complicated? 2,340 25
- New Employers Helpline 210 4
- Software recommendations 277 1
- Share transfer question 381 17
- Land Rover Discovery 3.0 SDV6 255 Comm Auto 2 seat 332 7
- qualifying for 1/9th tax credit on foreign dividend 189 2
- HMRC & daft penalty 2,459 19
- Overlap relief 759 19
- What is IRIS World like? 369 8
- Pension contributions 384 10
- Do you have to declare business expenditure on a personal credit card on your P11D? 512 11
- Do you use sign up lists on your website 213 1
- Setting up PAYE scheme without UTR 289 8
- Has anyone been affected by the RBS payment breakdown? 440
- Straight line write off of Purchase Goodwill ??? 436
- WIP Software 301
- FRS 102 compliant illustrative accounts for an insurance company 291
- No payroll scheme in place 235
- CGT, PPR and transfer of equity to spouse. 233
- Do subcontractors on work for residential (student accomodation) construction 210
- Is there anything wrong with this? 205
- Small Part Disposal of Property 190
- Uncommercial property business 182