Re-hire after Termination

Hoenir

emploee_77 said:

I notified my solicitor on Tuesday 

You've not mentioned a solicitor previously.  Are we getting the full picture. Only possible to make observations on what you tell us. 

redped

Perhaps this was as part of a settlement agreement?  I had to sign one years ago as part of an enhanced redundancy payment, and the company was okay with me either using my own solicitor or one they would choose (I ended up using mine, who basically reviewed the document and said it was okay for me to sign it).

saajan_12

Hoenir said:

emploee_77 said:

I notified my solicitor on Tuesday 

You've not mentioned a solicitor previously.  Are we getting the full picture. Only possible to make observations on what you tell us. 

Its not uncommon for an enhanced redundancy payment to be conditional (a) a contract being signed restricting the employee from certain activities and (b) a solicitor consultation ensuring the employee fully understands the terms. 

emploee_77

Hoenir said:

emploee_77 said:

I notified my solicitor on Tuesday 

You've not mentioned a solicitor previously.  Are we getting the full picture. Only possible to make observations on what you tell us. 

Company stipulation for the enhanced redundancy. The solicitor has subsequently got entangled with the job offers.

emploee_77

I've opted for the enhanced redundancy and confirmed this with my solicitor. The recruiter for the preferred job wants to pursue my re-employment, there's nothing within the redundancy letter preventing this which is surprising.

Hoenir

Hopefully you find new employment soon. At least you've the financial cushion to tide you over. 

Grumpy_chap

emploee_77 said:

I've opted for the enhanced redundancy and confirmed this with my solicitor. The recruiter for the preferred job wants to pursue my re-employment, there's nothing within the redundancy letter preventing this which is surprising.

That sounds like the best thing here - hope it all goes well for you.

Of course, if the company still wish to offer you a new job after you have taken the redundancy (so long as the money does not need repaying), then you can choose to go or not.  If you go back, you will have all the faff of security clearance, trial period, no continuity of service, but with the benefit of a year's salary in your pocket.

It may well be that, by the time the company get back in contact, you have found something better and moved on in more ways than one.  It may end up being the best thing that ever happened to you.

emploee_77

What are the tax implications on the £30k that is tax free if I'm re-hired?

emploee_77

I opted for the enhanced redundancy with an effective termination date of 8th June and indicated that I would come back as a re-hire in October (once checks are done) via the job I successfully applied for. Today, through my solicitor HR advised that the jobs I applied for separately and that were offered to me post termination date would not be available if I took the redundancy. HR has said the best they could do is bridge the salary from 8th June to my return date but the four week trial period would remain. It seems like a poor option but my nagging concern is that the external market has been awful and I haven't got anywhere since being notified of the redundancy process as far back as February.

Do I have any negotiating power left? I feel mentally drained.

FIREDreamer

emploee_77 said:

I opted for the enhanced redundancy with an effective termination date of 8th June and indicated that I would come back as a re-hire in October (once checks are done) via the job I successfully applied for. Today, through my solicitor HR advised that the jobs I applied for separately and that were offered to me post termination date would not be available if I took the redundancy. HR has said the best they could do is bridge the salary from 8th June to my return date but the four week trial period would remain. It seems like a poor option but my nagging concern is that the external market has been awful and I haven't got anywhere since being notified of the redundancy process as far back as February.

Do I have any negotiating power left? I feel mentally drained.

Take the other offer from the new company. This one sounds shambolic.