EXIT PACKAGE

When an employment relationship has broken down, an exit package is often used to end the employment contract. They can be initiated by either the employer or the employee.

Exit packages are attractive to both employer and employee.

Exit packages allow the employer to bring the employment relationship to an end quickly, easily and without a lot of delay and expense.

There are many reasons for an employee to need to leave a job. Sometimes it’s the arrival of a new CEO who wants to place their ‘own people’ in pivotal roles. Suddenly responsibilities change, new middle managers appear and employees find themselves doing the same job but with less status. Alternatively, an employer may genuinely need to restructure a business, resulting in redundancies, or the business may be in trouble and the employee able to see the writing on the wall.

Sometimes you can tell you are no longer wanted or needed through no fault of your own. An Exit Package is a much more attractive option than simply resigning.

Whatever the reason it’s always best to make a dignified exit.

Many problematic employment relationships do not end by dismissal or resignation, but through the negotiation of an exit package.

The perception comes from dissatisfaction in the workplace for the employee, performance issues for the employer and most often when a disciplinary meeting takes place. An exit package is attractive to both parties when the employment relationship has no real future.  

Typically, such a package will contain some financial benefit for the employee and possibly a reference. The employer can have the assurance that any grievances or claims arising out of the employment relationship (existing or yet to be raised) are at an end.

Our advocates can recognise the opportunity for an exit package and negotiate the best possible package in the circumstances. It is always best to engage our advocates at an early stage so that this strategy can be considered and prepared together, making for the best outcome.

If you need help negotiating an exit package with your employer give us as much information as possible below or call us on 0800 669 466.

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Review of Kam Bailey

Kam Bailey was absolutely wonderful. She worked so hard for my case, with a great outcome. She had constant interaction with me, a quick outcome. A very professional style, but appreciated her personal attitude with me. I can’t thank her enough, I would recommend Kam with no hesitation to anyone.

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Thanks for the great feedback Lisa. We appreciate you calling Work Law for your employment law needs. All the best for the future from Kam and the team at Work Law.

Thank you Work Law for helping me with my unfair dismissal

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December 19, 2019
Review of No Win No Fee

Highly Recommended!! Thanks to the caring team at work law I was able to get out of a toxic work environment and gain a more than fair compensation for the way I was treated by my bosses over the past 4 years. Reaching out to an employment lawyer was something that I was nervous to do at first but after speaking to the team at work law i was immediately put at ease and knew they were going to help me settle the issues I was having at work, taking a lot of stress off my shoulders. Thank you again work law for helping me with my unfair dismissal 🙂 – R.P from Wellington

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You want them in your corner at your employment dispute

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December 19, 2019
Review of Sandy Jamison

In a time of high stress when those in the position of providing the best environment for your employment breech the brief with which they are charged with, and options are cut to nil then No Win No Fee are who you need in corner. No BS just level headed advise and a realistic plan going forward . I highly recommend this company.

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Response from No Win No Fee

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