Voluntary Redundancy

What is Voluntary Redundancy?


‘Voluntary Redundancy’ is the phenomenon where the employees themselves request for redundancy rather than the other way round which is what usually happens in a workspace.


One needs to understand that voluntary redundancy is rarely offered as an option by the companies and even when it is offered, it may not be accessible to every employee of the organization.


Some companies even provide their employees with incentives in the form of severance packages in order to encourage them to use their right for voluntary redundancy.


As planned voluntary redundancy is an option with the employee, the employers take extra precautions to make sure that valuable employees do not choose the option and in some cases, even reject their application for the same.


More HR Terms


What is Whistleblowing?   ‘Whistleblowing’ refers to the act of highlighting malpractices in an organization by one of the staff members working in the same

Back Pay

What is Back Pay?   ‘Back Pay’ refers to the payment given to an employee which was owed by the employer but was not provided

ISO 9000

What is ISO 9000?   ‘ISO 9000’ refers to a system of standards set by the International Organization for Standardization for helping companies adhere to

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