Search results
Results from the WOW.Com Content Network
In the United Kingdom, a compromise agreement [1] is a specific type of contract, regulated by statute, between an employer and its employee (or ex-employee) under which the employee receives consideration, often a negotiated financial sum, in exchange for agreeing that he or she will have no further claim against the employer as a result of ...
By offering an apology, a good reference, tax-free lump sum and avoidance of the time and cost and risk of losing, the employer may persuade the employee to make a similarly economic decision to drop the claim, sign a compromise agreement and clear his desk.
The 1998 act inserted the right under the Employment Rights Act 1996 section 203(5) which allows parties to a dismissal case to agree in writing that the dispute be referred to arbitration. This can result from a settlement negotiation of an ACAS conciliation officer. ACAS will supply, though not appoint, an arbitrator.
The Settlement Agreement is a new concept which replaces the former "Compromise Agreement". Section 111A(2) of the ERA 1996 (as amended) provides for "Pre-termination Negotiations" that are: "any offers made or discussions held, before the termination of the employment in question, with a view to it being terminated on terms agreed between the ...
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
In employment law, constructive dismissal [a] occurs when an employee resigns due to the employer creating a hostile work environment. This often serves as a tactic for employers to avoid payment of statutory severance pay and benefits. In essence, although the employee resigns, the resignation is not truly voluntary but rather a response to ...
Although Acas is largely funded by the Department for Business and Trade, it is a non-departmental public body, governed by an independent council that is responsible for determining Acas's strategic direction, policies and priorities, and ensuring that its statutory duties are carried out effectively. This allows Acas to be independent ...
Instead it is a matter of agreement between employers and employees. Severance agreements, among other things, could prevent an employee from working for a competitor and waive any right to pursue a legal claim against the former employer. Also, an employee may be giving up the right to seek unemployment compensation. An employment attorney may ...