redundancy Flashcards
1
Q
what is redeployment?
A
the process of moving existing employees to a different job or location
2
Q
why do business redeploy?
A
- maintains job security
- improves morale
- retention of skills
- reduced costs
3
Q
what is redundancy?
A
when an employee’s contract is terminated because the job no longer exists anymore
4
Q
instead of making employees redundant, what can businesses do?
A
- pay freezes
- shorter working week
- unpaid time off work
- offer early retirement
- recruitment freeze
- stop overtime
5
Q
what are the two types of redundancy?
A
voluntary or compulsory
6
Q
what is redundancy pay?
A
depending on various factors, including length of service, employees are entitled to redundancy pay.
redundancy pay is likely to be more for voluntary redundancy as it will be more attractive to employees, as they make the redundancy pay package larger than the statutory redundancy pay.
