The Department for Enterprise says it wants to increase the amount of money you can be awarded if you're made redundant.
Minister Tim Johnston faced a question for written reply from Douglas Central MHK Chris Thomas about the payouts.
Mr Johnston said at present the maximum payment in the Isle of Man is lower than in the UK or Republic of Ireland because of figures and formulas we use here.
But he said he was hoping to update the law soon with new legislation expected this Autumn.
Society appeals for help about traditional gypsy caravans on the Island
Government issues bird flu warning after infected buzzard found
Will new UK law be brought in to protect Manx renters from mould?
Local Economy Forum launched to propose alternative to 'destructive' min wage increase
Group raising money towards legal costs for new Summerland inquest
Police appeal after Manx stone wall damaged
MHK wants to see all private healthcare reports
Let’s make Hop Tu Naa a boo-tiful night for all, say police