First Reference company logo

Inside Internal Controls

News and discussion on implementing risk management

machine cogs image

reasonable notice pay

Employers’ financial difficulties irrelevant when calculating notice periods

Compared to employment, business ownership can offer independence and control, but can also create inescapable financial and other obligations. Salaries and other expenses must be paid regardless of how poorly the business does. The inescapable obligation to pay the appropriate notice pay when employees are terminated, was recently the subject of an Ontario Court of Appeal case.

 

, , , , , , , , , , ,