What is a voluntary redundancy letter?

Answer

A voluntary redundancy letter is a letter that an employee writes to his or her employer, requesting to voluntarily leave the company. The employee stands a chance to receive incentives for willingly quitting his or her job if the employer gives the option for voluntary redundancy.

At some point, a company or organization may opt to restructure its operations or downsize. This usually calls for inevitable laying off of a number of employees to attain the said objectives. Normally, the company procedurally provides information regarding such an undertaking and the people to be affected. In most cases, employees who are seen to be unsuitable under the new system are laid off without being given a choice. This usually results in severe legal battles between the victims and their employer for compensation. Another way would companies meet their restructuring or downsizing goals is to retain the redundant position, the result of which would be unnecessary labor cost on the part of the organization under the new system. Additionally, the company may come up with a bonus package for its employees who may be willing to leave the company voluntarily. The employee then writes to the employer requesting to leave the organization on his or her own volition. If the employer grants such a request, the employee gets a bonus package for quitting his or her job in that manner.

Reference:
Q&A Related to "What is a voluntary redundancy letter?"
Dismissal must be the reason for you leaving your job to receive redundancy pay. Someone who resigns does not necessarily qualify for redundancy pay. But in a situation where you
http://www.ehow.com/facts_7784487_calculate-volunt...
You don't .. if the Job Center finds out you 'volunteered' they can refuse you benefits .. You go see your Manager and say something like 'I understand that a number of jobs are to
http://uk.answers.yahoo.com/question/index?qid=201...
Simply state in the letter that you wish to surrender the vehicle, list the loan number, the VIN, or any other way to identify the vehicle and the account with the lender. Notify
http://wiki.answers.com/Q/How_do_you_write_a_volun...
And Amazi'ah said to Amos, "O seer, go, flee away to the land of Judah, and eat bread there, and prophesy there; but never again prophesy at Bethel, for it is the king's sanctuary
http://answers.yahoo.com/question/index?qid=201207...
Explore this Topic
A Letter of Voluntary Demotion is quite similar to a resignation, but comprises of giving up a position by choice. To write a Letter of Voluntary Demotion keep ...
There are times when someone is no longer able to keep a vehicle. If he or she wishes to turn the vehicle in, before someone comes to repossess it, they may write ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com