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232 months ago

Barbara Cochran (a guest user) asked this question:

This question has already been answered and rated. Therefore, no new answers can be given.

232 months ago

Sujyotee   wrote:

Payment in Lieu of Notice (PILON) -

My comment:

Definition: Pay in lieu of notice is money paid to you as an alternative to being given your full notice. It can either be set out in the contract as an option for your employer or it may simply be paid to cover any potential damages for breach of contract.

My references:

I found "Payment in Lieu of Notice (PILON)" in several UK government websites i.e. http://www.direct.gov.uk/en/Employment/Employees/RedundancyAndLeavingYourJob/DG_10026689

www.hmrc.gov.uk/manuals/eimanual/EIM12975.htm

Comments by other colleagues on this answer:

232 months ago

   wrote:

That is the most correct answer in my opinion

232 months ago

   wrote:

That is the most correct answer in my opinion

The asker rated this answer best

232 months ago

myrthe   wrote:

advance notice compensation income.

My comment:

advance notice compensation income.

232 months ago

myrthe   wrote:

advance notice compensatory allowance

232 months ago

Gina W   wrote:

compensation in lieu of notice

My comment:

http://www.proz.com/kudoz/826987

Comments by other colleagues on this answer:

232 months ago

   wrote:

That is one correct answer

232 months ago

   wrote:

That is one correct answer

232 months ago

Isabel Ruivo   wrote:

notice pay allowance

My comment:

EURODICAUTOM