Redundancy

What are some reasons for redundancy?

1. The need for that job has decreased or ceased due to financial or political or cultural reasons.
2. A new vertical has been introduced, making the earlier job unnecessary.
3. The workplace is shifting, or the entire business is shutting down.
4. A new management has taken over and revamped the entire structure, making the job longer essential.

Is it better to quit or be made redundant?

The answer to this largely depends on the timeframe for which you have worked for your present employer. If you have worked for a longer duration, it is better to be made redundant as you are eligible for some redundancy pay. Whereas the motive for quitting cannot be the future possibility of redundancy.

How are redundancies chosen?

Employees who are potential redundant are chosen based on:

• Their experience both in terms of years as well as skills.
• Their position in the organizational hierarchy.
• Their attendance, disciplinary and conduct records.
• Their standard and performance over the years.

What is the minimum notice period for redundancy?

The redundancy notice period varies from country to country as well as company to company. It should be an amount of time that is sufficient to find a new job. The notice period also increases with the number of years you have been associated with the firm. For instance, if you have worked for less than two years then it will be a 2 weeks' notice period and so on.

What are the stages for redundancy?

There are five key stages for redundancy:

1. Preparation.
2. Selection.
3. Individual Consultation.
4. Notice of Redundancy and Appeals.
5. The Termination Process.

Can you be made redundant if your job still exists?

No, it is against the rules and policies of most organizations to make you redundant only to offer your job to someone else in the future.

What are the types of redundancies?

• Voluntary redundancy.
• Compulsory redundancy.