James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Anyone know how it works?
What is there to stop me getting a job offer somewhere else, then suggesting voluntary redundancy rather than handing my notice in?
In the current climate, the voluntary redundancy might get accepted which means I would get the redundancy payout (which is pretty generous here) and then walk into a new job.
What's the catch?
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Dan Lewis
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Registered: 31st Jan 05
Location: Leicestershire
User status: Offline
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Still have to work your notice i believe unless you go on gardening leave
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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I thought with voulantary rendundancy you only get paid untill you find another job (but then again i may be thinking of something else  )
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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I know you still have to work your notice. That's not a problem.
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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Would a failed application affect your future career prospects?
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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I would have thought with any large corporate companies they would only accept voluntary redundancy if your department was under review etc. You won't just get it if you ask for it now as they will know you wouldn't walk out of a job for no reason!
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James
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Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Well I work for an investment bank - in fact we are probably the investment bank that has been most affected by the economic crisis.
They are making loads of cuts across the board, not sure if any are in my area but it's not like it will be completely out of the blue.
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Colin
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Registered: 4th Apr 02
User status: Offline
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I think if you work in banking & can keep your job/walk into another one you should be happy without thinking of ways to swindal redundancy monies.
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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there isnt a catch james, if they chuck you out with a nice package say 10k, once you've worked your notice/not employed by them anymore you can walk straight into another job no problem.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Interesting. I think i'll wait until I get another job and then apply for voluntary redundancy then.
However I think they will probably cotton onto the fact that i'm leaving for another job and get me to just hand my notice in 
[Edited on 23-04-2009 by James]
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