The purpose of a Redundancy Policy is to embody good practice guidelines in a way that is easily accessible and understandable for both the employer and employees. Advantages for an employer in adopting a policy include reducing the potential for misunderstanding and conflict with employees during what is always a stressful situation, as well as providing guidance to line managers. It will also help to ensure fair treatment of employees, therefore minimising the risk of unfair dismissal claims and increasing employees’ sense of security in employment.
The Redundancy Policy and Management Guide v3.0 has been published to help employers in England and Wales ensure that they comply with their requirements under law, and to provide a clear record of the policy and procedure.
The draft policy covers:
- Notifying employees
- Measures to avoid or minimise redundancies
- Selection criteria
- Redundancy payments
- and more
The draft policy also comes with a 10-page Management Guide containing helpful notes on the policy. No other competing policy comes with such detailed guidance on redundancy issues and compiling your own redundancy policy.
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