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 is 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.
What is an exit package?
An exit package is when both the employer and employee come to a mutual agreement for the employment agreement to come to an end quickly and without a lot of delay or expense.
Typically, an exit package will contain some type of financial benefit for the employee, sometimes including a reference.
We can assist with ensuring the process is dealt with on a professional level and the agreed terms will be recorded in a record of settlement.
What does an exit package cost?
The cost of an exit package will depend on the length of time it takes to reach the final decision between employee and employer.
We can usually get your fees paid for by the employer, this is part of the negotiation process.
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Kam never wavered in her outstanding service.
Right from the first phone call Kam put me at ease. She took pages of information and arranged it in a clear, easy to understand and compact format.
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I recently had the need to engage with Jenifer Silva from Work Law NZ for assistance with an employment issue, and I cannot praise her enough for the outstanding support provided.
From the moment I reached out, Jenifer was not only professional and highly knowledgeable, but also incredibly compassionate and understanding of the horrible employment situation I found myself in.
Jenifer’s approach to resolving my employment issue was meticulous and very proactive. Jenifer ensured I was informed and aware of every step along the way. I was very impressed with her willingness to go the extra mile to safeguard my interests and to ensure an optimum and timely outcome.
I was not in a great space through this ordeal and it was comforting to find someone who not only excels in their field but also truly cares about people.
Thankfully the issue was resolved to my complete satisfaction all thanks to Jenifer’s skill and experience and her guidance along the way. I wholeheartedly recommend Jenifer Silva and the team at Work Law NZ to anyone seeking employment related legal guidance coupled with the human element.
The commitment to people’s well-being and finding a fair outcome within a short time frame is representative of the service I received. It was impressive and empathetic.
Sandy and the Work Law team are true professionals.
I recently had the opportunity to engage with Sandy Ward from Work Law NZ for assistance with a sensitive employment issue, and I cannot praise her enough for the outstanding support she provided. From the moment I reached out, Sandy was not only professional and highly knowledgeable, but also incredibly compassionate and understanding of my situation. Navigating employment issues can be daunting, but Sandy’s expertise and reassurance made a significant difference. Sandy’s approach to resolving my employment issue was nothing short of meticulous. She was thorough in her research, strategic in her thinking, and clear in her communication, ensuring I was informed and comfortable every step of the way. Her dedication was evident in her prompt responses and her willingness to go the extra mile to safeguard my interests. Most importantly, Sandy’s empathy stood out in every interaction. She acknowledged the emotional complexities of my case and offered the perfect blend of legal and moral support. It’s rare to find someone who not only excels in their field but also truly cares about their clients as individuals. Thanks to Sandy’s exceptional care, the issue was resolved to my complete satisfaction. I wholeheartedly recommend Sandy Ward and the team at Work Law NZ to anyone seeking expert legal guidance coupled with a personal touch that is all too rare in the industry. Their commitment to client well-being and justice is not just a statement but a demonstrated hallmark of their service.
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