How Do You Negotiate A Redundancy Package?
Businesses make people redundant (or laid off) for a variety of reasons. The fault may be the employer’s for making bad decisions, an employee for not performing in the job satisfactorily or market conditions. Whatever the reason for your redundancy, you may receive a better severance package by adopting some negotiating techniques and gaining knowledge about employment procedures. Start the redundancy negotiations in a friendly manner, particularly if you have worked for the manager or director for a long time. Ask the manager to look into other possible employment options within the company. Show that you are willing to retrain. Alternatively, offer to work part time, if you can afford it, or to have your pay frozen for a period of time. Make the employer consider all options before letting you go. Get your proposed redundancy package in writing, if continued employment is off of the agenda. After the meeting, look into your legal rights and the company’s legal obligations. Examine y
