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Before acting on the advice, consider its appropriateness to your objectives, financial situation and needs. By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website. This is what he said:. Finally, be proactive.
Whether redundancy is in the wind or it has happened already, write yourself a written job search plan and start ticking off the steps towards your future.
Career Advice E. Explore careers Job hunting Working life. Working life Job loss. Hi there ,. Be the best salesperson or ensure that your skills are integral to the organisation.
Is your organisation merging with another, being sold, downsizing, or is profit going down? Look at how you can up your usefulness to the organisation and how to add to your skills.
Employers offering voluntary redundancy want to achieve a certain headcount loss so they do not have to resort to forced redundancies. They may, therefore, be willing to offer more than they first put on the table. Play up any and every positive aspect of your employment record, such as attendance records, past employee recognition or really positive appraisals.
Since you have shown dedication and loyalty, the least they can do is match this now. Ask for additional periods of notice, or maybe outplacement support to put you in a strong position for finding new work. Chick suggests using a third party to do the negotiation for you. However, whether you or a representative are handling negotiations, he adds: "Treat the people who are communicating the decision to you with respect.
The more you make their life easy, the more you will get out of them. Your union representative, if you belong to one, might be able to offer legal help for checking the compromise agreement the terms that you agree to on leaving.
Consider what else you could do, even if you end up turning down the chance to leave, says Chick. If a course of action seems frightening, consider what you could do to eliminate the elements that worry you. For example, if you are considering going freelance — and the type of job you do lends itself to working on a freelance basis — changes to the way you would have to work could put you off.
But could you replicate that social contact elsewhere in self employment? If you think redundancy may soon become a reality, voluntary redundancy might be a better option for you. Cashfloat explores the pros and cons of voluntary redundancy so you can make an informed decision. Lost Your Job? What Can You Do? When a company is thinking about cutting down their workforce, they can either choose employees to make redundant, or allow employees to volunteer to leave on their own. Employers will often offer a financial incentive for employees to choose this option.
Opting for voluntary redundancy can benefit both the employer and employee. It allows them to end their professional relationship on a note of goodwill and gives the employee more time to prepare financially for losing their job. However, you should always consider your personal and professional circumstances, rights and other options carefully before choosing voluntary redundancy.
There are many good reasons to consider voluntary redundancy. Here are a few:. After conducting an internal reveiw, companies may choose to restructure their workforce and departments to increase efficiency and productivity and cut down on costs. Unfortunately, this kind of restructuring can often place several positions in jeopardy. Middle-management roles are especially vulnerable during business restructuring, as they often become obsolete within the new structure. Technology is constantly evolving to make businesses run smoother and more efficiently.
However, technology has also started replacing human workers in factory assembly lines, stockroom and warehousing, grocery tills, and many other industries. This makes businesses more efficient but costs many hard-working individuals their jobs. You may want to consider voluntary redundancy if you think your position will no longer be needed under the new management. The terms and conditions of your employment should stay the same if the business is sold.
Crisis, whether internal, industry-realted, national, or international, is extremely taxing on businesses. Companies often need to cut their spending to the bare minimum, and consequently may need to lay off employees. More recently, the Coronavirus Pandemic forced many businesses to temporarily close to stop the spread of the virus.
Companies struggled to stay afloat, and had to furlough or let employees go. When a business is downsizing or undergoing structural changes, redundancy often follows.
Your employer can either give you notice of redundancy or give you the option to take voluntary redundancy. Voluntary redundancy is when an employer offers a financial incentive to an employee to leave the company of their own free will. An employer may offer voluntary redundancy because they need to slim down the workforce, selling the company or restructuring their business.
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