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.
- Company overdue but wants to be struck off 189 6
- Non-compete agreement 179 1
- Expenses claim for non employee 196 1
- Any views 736 1
- Using a Business broker to sell a clients Company.....??? 89 1
- Paint Manufacturer Flat Rate Scheme 204 6
- IRIS Practice Management 144 2
- Non Registered trader selling to Malta 105 2
- Need qualification back due to clients' banks needing my references 273 8
- Pre- trading Expenses 90 1
- Was I rude 778 19
- Dividend payments and shareholdings 172 3
- Corporation tax due date confusion 305 4
- You cannot be Serious!!! 255 1
- Top slicing relief question 232 2
- Valuation of PET on death 118 2
- Incorporation - any tax advantage? 275 6
- Share swap 292 8
- Online filing 171 5
- Payment for goods received on last day of quarter but refunded the next - what options are open here? 333 13
- Skandia using wrong address 1,481
- Nil Rate Band Trust - index linked debt by way of charge over property 815
- International interest certificate 446
- Stamp Duty on share for share exchange 419
- Sale of business 395
- NOVA 288
- IRIS Open Books problem 284
- farming-related R & D tax relief claims 201
- Management expenses for investment company 172
- Bonus Bonds 172