Having identified the need for redundancy, some businesses will prefer not to run the full consultation, but instead invite employees to apply for voluntary redundancy.
An employer’s voluntary redundancy policy will take account of the skill and experience of the staff that the business needs to retain. To avoid an exodus of key talent it will reserve the organisation’s right to decide whether particular employees should be allowed to take voluntary redundancy. The advantage to the employer is that compulsory redundancy is avoided and the process is less disruptive.
The incentive for employees applying for voluntary redundancy is the receipt of an enhanced termination package (it will usually exceed the minimum statutory redundancy payment, if that is due at law). Against this, individuals will weigh the economic climate and their chances of finding alternative work.
If you are considering volunteering to take redundancy you are welcome to call us for a Free Chat: 020 3948 1900
If your employer has just told you that you are at risk of redundancy then we can advise you about the steps your employer should take next. If the redundancy is not conducted fairly then your redundancy lawyer can assist you to negotiate compensation.Get in touch
For employers it is crucial to understand the law to avoid the prospect of litigation. Your specialsit redundancy solicitor will advise you across the process from start to finish; clarifying your grounds, explaining the consultation and selection process and drafting relevant correspondence.Get in touch
You can consult the following sections for a definition of redundancy and best practice for conducting a redundancy programme:
When are they used? What is in them? Use our guide to understand more about settlement agreements
Depends on a variety of factors. We will advise about the particulars of your situation and explain how much compensation is appropriate
Is a settlement agreement offered when employees are redundant? Find out more on our redundancy pages
We seek to address your legal needs in a way that suits you. For certain matters we can offer a fixed fee arrangement. Learn more about costs with Aeon settlements
Discover more about the terms that the employer will include in the settlement agreement.