Once the consultation period is over your employer will not have to give you any notice of your redundancy and they can make you redundant on the spot. If at the end of our consultation period your employer decides to not make you redundant you will go back to work as normal.
How long after taking voluntary redundancy can I work?
A Typically there are no restrictions on you taking up employment after you are made redundant. The trouble is that some employers often stipulate that you do not take up any employment for, say, three months after you accept the severance package.
How does voluntary redundancy work for your business?
Additionally, opting for voluntary redundancy may leave you with a more engaged workforce. This is because you can allow unhappy or uncommitted workers to leave your business. The employees that remain will be those that are loyal to your business. What Are the Risks?
Are there exceptions to compulsory redundancy in the UK?
There are exceptions to this rule, such as if you are offered alternative employment which you refuse without valid reason. However, these are usually more common for those taking compulsory redundancy. For specific information about how much redundancy pay you are entitled to, you can use gov.uk’s online calculator.
What should I do if I am made redundant after 5 years?
Often it will mean talking to a professional – an accountant, financial adviser or counsellor – to discuss your options. The money can be enticing; generally, if you’re made redundant after five years or more with the company, you’re entitled to part of your long service entitlements, paid pro rata.
How to apply for redundancy pay if your employer is insolvent?
Find out about: If your employer is insolvent, find out how to apply for redundancy pay, holiday pay, statutory notice pay and any other money you’re owed by your employer from the Insolvency Service .
