Compromise agreement how much should i ask for

If you were selected for redundancy from a pool, you might have a case if you were chosen unfairly, or if the criteria for selection were discriminatory. Top tip : Stay professional.

Here are some of the elements that might be included in the amount you receive:. Legally, any compromise agreement must be in writing, and signed by an independent adviser — we can help with that. For a FREE assessment of your claim, call or fill in the contact form, right. September 25, at pm Category: Blog. Call us on or fill in this Free Online Enquiry. First Name. Brief Details. We will only use the information you provide to handle your enquiry, and we will never share it with any third parties.

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Dinah T. Up to date information. Easy to contact. Knowledgeable solicitor. No win without him. Audrey S. Very good. Always stayed within the timescales given. Sound advice, would recommend. Ken S. Paul Doran Law has been extremely helpful and supportive in very difficult circumstances.

I would highly recommend them as professionals to others and have a lot of faith in their advice. David R. Paul answered me promptly, was very helpful and advised me what to do. Winifred P. Paul Doran was very helpful during my communication. Friendly and professional. Adrian M. Cormac is a very reassuring person, he made sure I was kept up to date as my case progressed and was always supportive when I got the jitters.

He was very diligent and methodical whilst representing me. Iain M. Cormac explained my options and talked me through each step and advised me of the best possible outcome. Gerard McL.

Staff and solicitor very helpful at all times. Solicitor very knowledgeable and took my case and concerns seriously, and in a very professional manner.

Deborah H. My experience using Paul was very professional at all times. Kept me up to date at all times throughout the process. Blanche G. Very professional, friendly and efficient. Kept me informed throughout the process. Straight forward service which is exactly what I needed. Paula F. Very professional and always willing to help and offer advice when needed on the situation. Lytreena D. Very professional and always left valued as a client. I feel that the company has worked very hard to get me a good result.

Christine C. From day one there was a plan of action. I feel I was listened to and heard, after which the process was then easy. Kanta C. Very happy with all aspects of my experience from initial contact to finish.

Andrew B. Completely professional, and secured a settlement beyond my expectations. Cormac was exceptional — very many thanks. Joan W. Very happy with results. Very grateful for all Paul and his team have done for me.

I feel valued as a client, my questions were always answered very quickly. Thank you. Anna V. Note that whether you receive an award from an employment tribunal or agree to compensation, you may have to pay tax on at least part of it.

How much you pay depends on what it relates to and the amount. For example:. See our separate articles on the tax implications of settlement agreements and tax on pension payments and settlement agreements for further detail. If the redundancy is unfair , or the selection process incorrect, then it may be a sham redundancy and you may have a case for unfair dismissal. In those circumstances, how much you should get would be similar to a dispute situation, as outlined below.

You can also use our calculator to get a monetary estimate. In an employment law dispute, there are many factors which combine to determine the settlement payment you should get. For specific employment dispute situations, eg unfair dismissal , constructive dismissal , discrimination , our articles on those topics provide more details about financial payments.

Our settlement calculator will also give you a fair estimate of what you might expect to receive in a reasonable settlement agreement deal. For dispute settlements generally, some of the most common factors which influence how much you should get in your settlement payment include the following:. If you are nearing retirement age then any claim could be of a much higher value because it could be harder for you to get another job, therefore your financial loss could be greater.

This is especially true if your job is quite specialist and hard to come by. Everything is based on your salary, because the more you earn, the higher your claim.

Often bonuses are discretionary rather than contractual, so we would normally try to negotiate at least that portion of your bonus which you can show should have been paid to you. Commission is a different matter because normally commission is contractual. If your employer disputed this figure, we might not insist on them paying all your commission, but most of it would be a good result. You could expect to receive more if you are disabled, because — although you may normally be able to do your job properly — it is easier for employers to make your working life harder by failing to make reasonable adjustments.

It can be harder to get another job too. If you are currently facing a disciplinary then generally you can expect less. This is because, regardless of the strength of your defence, your employer will undoubtedly try to blame you for the situation.

See also our discrimination in the workplace overview article. On the other hand, you may have burnt some bridges, including any rapport with HR: your case will now have gone up to the legal department, who sometimes think that they have to win every fight.

If you have recently submitted a grievance then your employer will often want to pay you off rather than spend time and money investigating your complaint. However, remember to see if you can short circuit this process by submitting a without prejudice letter first.

If you approach your employer with specialist lawyers on board, then you are likely to receive more money. In that case, they would also need to appoint lawyers themselves. They may instead prefer to pay you the money which they would otherwise have spent on legal fees.

Your knowledge about the company might be greater too, so things like handovers are more valuable. Of course, if your notice period is very long, eg. See also our guides on notice periods and payment in lieu of notice. The bigger and wealthier your company is, the more options they have should they wish to fight your claim — such as long drawn out investigations.

So the medium-sized company here is the sweet spot. Also all the wasted management time and potential legal fees too — why not suggest that they just pay you that now in a settlement agreement and you will leave quietly? In our experience, many public sector organisations have a policy of not negotiating with employees.

To speak to a member of our team, call us on or contact us online. Whether you are an employee, executive, director, senior employer or business owner we promise swift, confidential and expert advice. It would not be an exaggeration to say that I was extremely pessimistic about being able to get a decent redundancy settlement. I was feeling really low and depressed.

That all changed when Caroline Walker agreed to act for me. She secured an excellent settlement for me, without me having to face the expense and stress of going to court A law firm that really delivers all it promises. I never thought I would say that I found the costs reasonable, but I did, and I will never get over how much you secured for me in a totally unexpected settlement.

It has set me up for the next chapter in my life. Thank you, thank you. You and your firm Cavendish Employment Law have been brilliant in your responsiveness and legal advice. We have had numerous time sensitive and complex issues. You always delivered for our company in spite of very challenging timelines. I highly recommend you and your firm. Any client of hers is really fortunate to have her on their side. She is a credit to her profession and I am most grateful to her.

How is the Settlement Agreement Figure Worked out? There are various factors that will have an impact on how much you are likely to get: Income. The end of the employment relationship brings uncertainty regarding how long it will take you to find paid employment again. As a result, your settlement agreement should look at your annual income and reflect this in the sum it is awarding so that you can maintain your lifestyle until you find a new job.

This is an important factor if you are close to retirement age as your employment ending at this time in your life could mean it will be more difficult to find new employment and, as a result, you will need money to secure your living costs. Length of service.