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I suppose I have someone in the 45-50 age bracket who have 5-10 years left in them.
I guess that means I've had it lol!!
It is illegal to specify, seek or aim to only employ a certain age group (and I personally find your targeting offensive). You can not specify Age, Gender or Race in a job specification.
To calcuate holiday pay, based on hours worked the following site explains the law as it is;
https://www.gov.uk/holiday-entitlement-rights/entitlement
Also remember if you roll over the contracts several years running, you have a permanent member of staff no matter what yo may think, as the law treats the rolling contract as an attempt to circumvent employment legislation.
so If you employed said employee for say 4 years, on annual renewing contracts, at year 5 you could not simply NOT renew, as the employee would be seen as legally a permanant employee and you were using rolling fta (fixed term apointments) to circumvent their employment rights.
Also even if you terminate at the end of year two, for whatever reason, the employee is now eligible for redundancy pay....
In the Governments own words;"Any employee on fixed-term contracts for 4 or more years will automatically become a permanent employee, unless the employer can show there is a good business reason not to do so."
worth reading this site;
https://www.gov.uk/fixed-term-contracts/renewing-or-ending-a-fixedt...
Sounds ideal for an ex-fireman or ex-copper