Staff at Knight Frank who are made redundant, like those at DTZ, will receive only the government's statutory package.
A spokeswoman for Knight Frank said the firm had always had a policy of providing the statutory amount. DTZ, however, as Propertyweek.com revealed yesterday, has only just changed the terms of redundancy compensation from one week for each year served to the government?s statutory amount.
Knight Frank and DTZ are not thought to be alone among other property services firms in offering the government's statutory package, but no-one else has admitted it.
When contacted by Property Week, Savills, King Sturge and Cushman & Wakefield refused to give an answer, while CB Richard Ellis, Jones Lang LaSalle and GVA Grimley said they did not pay the government?s statutory package.
The redundancy payment due to each employee under the statutory redundancy payment scheme depends on his or her age and length of service (up to 20 years).
This determines the number of weeks' pay due, which is then subject to a limit on weekly pay.
The new maximum amount of ?a week?s pay? has just been increased from £330 to £350 from 1 February.
So, for example, a senior director who has worked at DTZ for 15 years will receive just three weeks' salary above the notice period.