Compensation for non-genuine redundancies: time out of work
The latest data from a survey of persons retrenched in the last 3 years from the Australian Bureau of Statistics reveals that:
– the average period of unemployment for all persons is 21.8 weeks. Error of the data is calculated at 1 week.
– for older persons, the average period of unemployment is 31.2 weeks. Error of the data is calculated at 1 week.
– for all persons taking active steps to find work following retrenchment the average period is 21.6 weeks. Error of the data is calculated at 1 week.
Centrelink data reports that Australians aged 45 and over were spending on average, 72 weeks unemployed.
A general held benchmark is that it takes executives 3 months per $20,000 of income to find work. (I could not locate any reference and I’ll leave it to you to refer to this point or not).