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A voluntary redundancy programme is not always driven by short term revenue goals. It can also be motivated by the strategic choice to change the age structure within the company. According to research, [ citation needed ] people who accept voluntary redundancy may at times return to the company after changes in the company's prospects ...
Voluntary redundancy is when an employer asks an employee to agree to terminate their contract, in return for a financial incentive. Voluntary redundancy is when an employer asks an employee to ...
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 ...
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Lord Denning MR said that the employees were not redundant, because the employer had a legitimate business reason for wishing to vary the contracts, and the employees' non-acceptance effectively amounted to a voluntary resignation. This is a very difficult case. It arises under the Redundancy Payments Act 1965. The employers produce little ...
The move was approved at the Scottish Police Authority (SPA) Board last week, and compulsory redundancies were ruled out.
Golden boot compensation, also known as the Golden Boot, is an inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement. See also [ edit ]
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