Managing redundancies and restructurings
Businesses sometimes face the prospect of having to make employees redundant. This can be for a number of reasons but the most common is that the business doesn’t have enough work to keep everyone in employment.
If you need to make redundancies you must follow a fair procedure when selecting who to dismiss. Without this, you could put your business at risk of a claim of unfair dismissal in an Employment Tribunal.
Another option to consider at the first sign of market decline and, instead of redundancies, is potentially restructuring your organisation.
By doing this you can achieve the same result but instead of losing valued employees you could consider the benefits of alternative arrangements such as part-time working, reduced hours, flexible working or compressed hours. If you are not sure whether you could restructure your business, if you would like to know how much redundancy pay your employees would be entitled to, or if you would like to find out more about how we can help ensure you remain legally compliant during a redundancy process, get in touch with us today.