This live chat features Tom Stenner-Evans, a partner at Thrive Law Firm who specialises in bringing a more human side to employment law. Today, Tom and Elizabeth discuss redundancy, a particularly important topic given the fallout from the COVID-19 pandemic.
Tom dives into your rights as an employee experiencing redundancy, explaining that people aren’t made redundant; roles are. He lists how companies can ensure that their redundancies are about business, to make the process feel less personal, and what a legitimate reason for redundancy would actually look like. He then details the questions you should ask yourself if you think your redundancy was unfair, which many people may feel, but isn’t true in all cases. You’ll learn whether companies can make people reapply for their jobs and how soon companies can recruit after completing a redundancy process.
Elizabeth and Tom also cover the financial aspects of redundancy, from the tax implications of a redundancy settlement to whether companies should offer enhanced redundancy settlements.
This live chat covers a lot of really useful information about redundancy, which is a great resource for anyone going through a redundancy process or anyone who wants to learn more about their rights at work.
Enjoyed this LinkedIn Live? Then check out this replay with Employment Lawyer Hannah Strawbridge, where we discuss: Were the Redundancies That Took Place during the COVID Pandemic Fair?
Timestamps
[0:47] Elizabeth welcomes Tom back, and Tom introduces his mission with Thrive Law
[2:12] Roles are made redundant, not people
[3:35] Redundancy pools are complicated but still not personal
[5:13] How can companies make redundancy about business and not about people?
[7:40] The reasons that businesses can legitimately make people redundant
[10:50] “There’s no requirement for minimum consultation periods”: Tom breaks down the requirement for employers to be ‘reasonable’ and how that changes when you’re making more than 24 people redundant in one go
[14:23] Can a company make people reapply for their own jobs?
[16:30] Tom talks about voluntary redundancy: What is it, and do companies have to accept it?
[17:55] A guide to good redundancy processes
[20:31] What to ask yourself if you think that your redundancy was unfair
[24:05] Can companies recruit shortly after redundancies? Tom says yes, but proceed with caution
[27:30] Redundancy settlements and tax implications
[29:50] “I can see both sides”: Disclosing details about your redundancy agreement
[36:27] Tom unpacks the pros and cons of enhanced redundancy settlements
[39:04] Where to go to find out more about Tom and Thrive Law
Links
Investing in Women’s flexible working recruitment site and job board
Investing in Women on Instagram
Investing in Women on LinkedIn
Investing in Women on Facebook
Investing in Women on Pinterest
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