If you’re not happy with the deal that you’ve been offered, it is possible to renegotiate and often employers will do this if a satisfactory Settlement Agreement (formerly known as a Compromise Agreement) can be reached by both parties without having to go to a tribunal. With support from a specialist in employment law, there are people who successfully negotiate upwards when arranging their payout. Alternatively, if an employer hasn’t offered a legal Settlement Agreement (formerly known as a Compromise Agreement), you may wish to ask for one to maximise the benefits you receive as part of your redundancy or severance package.
In an instance where you’re not happy with the agreement, you are under no obligation to sign it. If your employer is unwilling to negotiate, then you may find that the alternative of not signing is your best option. In this situation, you have the option to take the employer to the tribunal and where a decision will be made regarding your claim. This is likely to take into consideration your role, the time you’ve spent with the employer and the circumstances of your severance or redundancy.
The main thing to be aware of if you’re in this situation is that if you’ve been offered an redundancy package above the minimum payout amount, then you may jeopardize that as it is possible that after going to the tribunal you’ll only receive the minimum amount the employer is obliged to pay.
If you have been made redundant and asked to sign a legal Settlement Agreement (formerly known as a Compromise Agreement), then speaking with a specialist in employment law is a must. A professional can review your agreement and will speak with you about what you need to do and whether the agreement provides you everything that you are entitled.
If the employer hasn’t initiated a Settlement Agreement (formerly known as a Compromise Agreement), a solicitor will be able to advise if this is the most appropriate path to take. A compromise agreement will often be the most suitable option as it is more straightforward than going to the tribunal, which in a legitimate redundancy or severance makes it a better choice. The agreement is a binding one, so if you do have any doubts, then make sure you speak with a solicitor and don’t feel pressured into signing the agreement before you’re ready.
Redundancy is probably already placing you under a lot of pressure, but you can eliminate the stress of the agreement by contacting us to discuss how we can help. We’ll be able to review your agreement and offer advice on the situation and what your entitlements are. If you’re an employer is offering the right entitlements, then we’ll tell you, if you want to negotiate, we can help – and if you feel that the agreement is not in order, then we’ll give you guidance on the best way forward.
It doesn’t matter what your field of work or what level you’re employed at – you have the right to a suitable severance or redundancy package. If you’re a high powered corporate whizz or your work in a small to medium business – we can support you to ensure that you receive what is rightfully yours.
Get Specialist Legal Advice
Getting advice from experienced employment solicitors such as ourselves will help ensure that:
- You receive the entitlement you deserve
- You are not signing over your right of appeal if you’re less than satisfied with the settlement
- You’re not going to miss out on the package you deserve
- You’ll have an alternative route to finding a satisfactory resolution without having to go to an employment tribunal
- You will be able to make a decision about signing the Settlement Agreement (formerly known as a Compromise Agreement) with confidence after speaking to a solicitor
- You’ll be able to ensure that your severance or redundancy is carried out in a legally binding way, so that both you and your employer are fully aware of any rights or obligations
- You’ll be confident after speaking to a professional that your rights, entitlements are protected and that you’re receiving an appropriate level of compensation.
If you’re unsure whether we can provide you with the help you need, or if you are worried about costs, missing out on entitlements or anything else about redundancy, then get in touch today. You don’t have to be rushed into a decision and a solicitor can advise you on the best course of action for your individual situation.