Voluntary Redundancy Agreement
Redundancy advice often leads to the offer of a transaction contract. The employer must reduce overhead costs and probably has a legitimate reason to choose certain employees who are considered layoffs. During this process, the employer may ask whether a person would consider voluntarily dismissing or whether a settlement agreement can be proposed at the end of the termination. In these “false” or “false” layoffs, your employer can even construct a seemingly objective redundancy selection process that chooses you all the time, as it has been an obvious conclusion. Some employees will try to negotiate a better package and, as voluntary redundancies are voluntary, they have the right to refuse it if you refuse to improve your offer. Make sure you have a voluntary redundancy process so you can follow it. But it is important to remember that there is a big difference between mandatory dismissal and voluntary dismissal. The former have a selection process that then determines the roles and collaborators who are faced with redundancy. There is usually a big difference in payment when compensation is offered on a voluntary basis or at the end of the redundancy process. When it is voluntary, this figure is often much more than you would expect if it is made redundant. Please read our redundancy calculator to compare the two digits. It may even be possible to negotiate a higher billing agreement, since the reason for the voluntary dismissal is to ensure the smooth running of the company. Any redundancy advice is a source of uncertainty and has a potential impact on productivity.
However, the legal notice period is considered a general guideline: you can read our guide to learn more about mandatory redundancy. Farleys regularly advises employees on transaction agreements and can take the steps above to ensure the smooth running of the process. If you are an employee and need advice on the terms of a proposed transaction agreement, you are a company that needs advice on a possible redundancy situation, or you are a company that wants to encourage a law firm to advise your employees or employees on the terms of a transaction agreement Please contact us on 0845 287 0939 or send your application online. At the meeting, they will have to make it very clear that they will discuss your removal. This will be a serious meeting where you can have a long chat and you can address any problems you have.