HR practitioners may want to take part in the XpertHR survey of redundancy policies and practices to keep up to date with the latest developments.
Taking pay settlements (low) and inflation (high) into account makes the picture even less appealing for employees.
This presents a number of problems for employers - although there may be a silver lining if you're an economist.
* The redundancy rate is plotted on the same axis as the unemployment rate but is a rate per thousand, not a percentage. Source: Labour Force Survey
Update 9:50am
Via @mjcarty and Twitter, @danbarker has just pointed out that Google Insights for Search can be used to construct a pretty similar time series to the one above by entering redundancy+pay:
Clearly individuals searching for information about redundancy pay is unfortunately not an academic exercise.
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