Here are the steps to follow in a voluntary redundancy process:
- Ensure there are no alternatives to redundancy.
- Offer voluntary redundancy to staff.
- Consider whether you will offer an enhanced voluntary redundancy package.
- Take care not to discriminate.
Can you resign during redundancy?
If you want to leave your job in your notice period If you want to leave early, ask your employer to change your finishing date. You’ll still get your redundancy pay if they agree to change the date. Don’t leave early unless your employer agrees – otherwise you’ll have resigned and won’t get your redundancy payment.
Do you still get redundancy pay if you volunteer?
If you decide to volunteer for redundancy, your employer will give you a period of notice when your job will terminate. When you leave, you will be eligible for voluntary redundancy pay.
Can a voluntary redundancy be the same as a resignation?
However, it is not the same as a resignation. Voluntary redundancy is still classed as a dismissal, so subject to you having the necessary qualifying service, you will be entitled to a reasonable amount of time off to look for a new job or make arrangements for training for future opportunities.
What happens to my mortgage after voluntary redundancy?
Voluntary redundancy is usually excluded, meaning they won’t pay your mortgage payments after your redundancy. You can ask to be made compulsorily redundant instead – contact your nearest Citizens Advice if you need help speaking to your employer or understanding your options.
Is the first £30, 000 of voluntary redundancy pay free?
The first £30,000 of your redundancy pay will also be free from tax and National Insurance payments. As a general guideline, minimum redundancy entitlements (and, therefore, the minimum amount you can be offered as voluntary redundancy pay) based on your age are as follows:
What should I do if I get another job after redundancy?
If you get another job, you might want to leave your job during your notice period. If this is the case, you can ask your employer to change your finishing date. If they agree to change the date, you’ll still be entitled to your redundancy pay although, of course, you won’t continue to be paid by your old employer.
