What do you make of this (redundancy to resignation)

tomstickland

It's a bag of laughs where I work, with announcment day on Monday. Yes, the day when those who jobs are at risk are being informed.

One of the offers available for those unlucky enough to be made redundant (or be told that they are at risk, but the company say that anyone at risk is 100% at risk) is to convert it to resignation.

I've not read the small print yet, but I'd be uneasy about doing so. What could be in it for the company or for the employee?

savingholmes

that sounds really dodgy - but without the small print hard to comment further...

tomstickland

I'll have a further look tomorrow. They're basically a sound company to work for, so I don't think it'll be a massive con.

LittleVoice

If a member of staff resigns:
- they are not eligible for redundancy pay
- they are unable to claim on any payment protection insurance
- they would be sanctioned for a number of months and not receive JSA if unable to find another job immediately
- they would have to explain to a new employer why they had left a decent company
- they would appear irrational, particularly in the current climate

lilac_lady

"One of the offers available for those unlucky enough to be made redundant (or be told that they are at risk, but the company say that anyone at risk is 100% at risk) is to convert it to resignation."

Why would anyone resign rather than be made redundant? What benefit would there be to the worker?

ceridwen

I second lilac_lady and do bear in mind what Little Voice says.

I certainly cant think of one single reason why on earth someone would resign - rather than be made redundant - but all sorts of reasons (as per Little Voice's post) as to why its best to stick it out and get told you're redundant.

The company certainly isnt thinking rationally hoping that anyone in their right mind might resign. One can easily see how that would benefit the company - they would save on paying-out redundancy pay. I guess it just goes to show they dont rate their employees intelligence - to think that any of you might be daft enough to resign:rolleyes:. But I've often found employers underrating their employees' intelligence.....

Pete111

I strongly recommend you resign now!

Yours

Catbert the Evil HR Director

(Seriously though, as per the other posts - DO. NOT. RESIGN.)

tomstickland

If .... an employee is to be made compulsorily redundant, the employee may ask to leave the business early and bring forward their termination date.

The employee's employment would then terminate immediately and they would be paid in lieu of their contractual notice

The employee would also be paid a statutory redundancy payment calculated in accordance with the guidelines previously explained

I believe that it's being offered so that the termination date can be brought forwards.

LittleVoice

Asking if one may leave early (having been declared to be the subject of redundancy) is not the same as resigning.

ceridwen

hmmm....as in you might want to leave early because of another job on the horizon that started sooner than the end of the notice period?

....hmmm.....well...I'd still want it in writing that it wasnt deemed to be a "resignation" and that I was still going to get my due redundancy pay...just in case...