Get the Money You Deserve From your Redundancy!

Redundancy is a word that most people fear, especially in a time in which finding a new position may not be as easy as it once was. Although there is generally some warning given to workers facing redundancy, it is quite often the case that those in senior management positions are released arbitrarily and with little warning. This more arbitrary dismissal is often accompanied by a larger package that is enough to prevent too much in the way of complaint.

Yet it is not a well-known fact that at whatever level you work, you are not obliged to take the first offer that is made to you. The first step should always be to take advice, as you will be in a better negotiating position if you know where you stand from a legal perspective. A directory of specialists is held by the Employment Lawyers Association, who will be able to direct you to a lawyer in your area who will talk you through your options.

Make a Noise

Although you may not be able to reverse the decision to make you redundant, the old maxim that the squeaky wheel gets the oil holds true. Being a pain in the managerial neck can really pay off, especially as all the time that you are using delaying tactics, you will still be receiving salary cheques. The longer it looks as if the management are going to have to keep you on whilst matters are dealt with through the correct channels, the more likely they are to increase your offer, just to get you out of the way! Of course, you must be prepared to accept that they could offer to keep you on after all on the same terms, or may offer you alternative employment.

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Protect Your Options

A lot of management positions come with share options and these options can be forfeit if you leave the company for reasons other than redundancy, retirement, death or ill-health. It is not beyond some companies to accuse staff of poor performance in order to reduce the termination package and make them forfeit their share options. Challenging such as decision may help to preserve these options.

Redundancy does not have to be a harbinger of doom in the world of employment. Using some of these delaying tactics and ensuring that you receive a good offer and retain the benefits that you were entitled to can mean that you are in a comfortable position when your employment is finally ended. Many people have taken the opportunity to change careers at this time, particularly if there was something that they had always want to do but they could never afford the time to re-train. If you suspect that redundancy is being considered for your position, first seek legal advice and then work out exactly what it is you wish to achieve in the future. It could turn out to be the best thing that has ever happened to you.

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