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This question is about employer.
What does pay in lieu mean?
Pay in lieu can have a few different meanings in the employment context; one meaning pertains to an employer compensating an employee rather than giving them notice in advance that their job is going to be terminated. In some cases, an employer might feel compelled to provide pay in lieu to an employee due to:
Statutory requirements
A collective bargaining agreement
An employee's contract
In this context most employees would receive a lump sum of pay from their employer instead of having to work during their notice period of termination. Normally this amount of pay is consistent with the amount of pay the employee would have received if they had worked during their notice of termination period.
Pay in lieu in the context of employee benefits
Pay in lieu can also refer to payment from an employer to an employee instead of offering that employee some other type of benefit or specific compensation to which they are entitled. This can refer to benefits like PTO, including vacation time, or other employee benefits that might have been expected to be provided by the employer.
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