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.