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.
- IT advisory questions? 253 7
- signature required 531 22
- Use of home query 59 1
- Pratice Management Software 154 2
- How can I deal with an unethical accountant? 225 6
- Error in audited accounts 60 1
- Vat registration exception 197 3
- CIS software 72 2
- Homing sandwiches 467 11
- CT600 122 3
- Director appointment not valid - any observations? 180 7
- Settlement discount 142 4
- Director Personal Bank Account in company's books 516 9
- How do I undo the work of a Macro in Excel 184 5
- A number of Clearbooks VAT return issues! 172 2
- VAT on hotel payments received in advance 133 2
- Norwegian p45, which UK Tax return does it go into 215 10
- Left UK in 2006 but did not declare rental income since 2009 136 1
- VAT rate charged by surveyor 190 2
- Related Party Transactions 129 2
- Auto enrolment excuses 1,245
- Feedback on accounts production software for IFRS 816
- Add T&Cs to Sales Order in Sage 522
- Digita Hosted Software 339
- Credit where credit's due....... 314
- Buying goods in US and selling them to company in US 238
- Flat rate VAT- other income calculation 197
- TheTax Donut 180
- Corporation Tax return - more than one trade 162
- Double taxation relief - same income, different individual 162