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.
- If I repay my Directors loan, will I haveto pay tax on the profit ? 2,307 27
- VAT chargeable to conference attendees 115 3
- utr 61 2
- Moneysoft Payroll Manager 270 7
- Companies House incorporation service 62 1
- P9D or P11D 678 7
- CT return error message 357 10
- How will auto enrolment affect accountants? 1,675 43
- Suppliers for Online Card Payments? 494 9
- Group subcontracting - accounts not consolidated 103 2
- Flat Rate VAT and EU sales (Non VAT) 89 1
- Should the Report of the Director be included in the interim financial statements of a small company 84 1
- Audit rules 362 8
- Capital Allowances on Furnished Holiday Lets Business 290 7
- Slipped out of the self assessment radar 217 1
- How to prove income for a mortgage if you have no SA302s 814 11
- Inheritance Tax and Capital Gains Tax 183 2
- FRS17 query 202 2
- Anyone Heard of This Outfit? 1,001 6
- Charge HMRC 270 2
- Xtuple 541
- Qtac payroll for bureau 369
- Confused - Professional Association a Mutual trader, or not? 313
- Industrial & Provident Societies 307
- Why would HMRC offer to close an investigation by contract settlement 274
- CIS schemes 208
- Domain name sale and limited company 199
- Investment 178
- Director legal fees in loose connection to the company 171
- Italian friend wants to set up a UK company to reduce taxes 170