It is not a pleasant time for any business when it is struggling, and to stay afloat, they need to let people go and make them redundant. Redundancies are often the last step to take when a business is struggling, and it is not a decision to take lightly.
You will need to consider many factors when your company needs to lay people off and make them redundant, and it will also benefit you to get expert legal advice.
Below are some tips to help you deal with the situation, make an informed decision, and do your best to save your business.
Do Not Bury Your Head in the Sand
As a business owner, you will have plenty of warning that your business is struggling, and at the first signs, it is best to seek professional legal advice. There may be suitable options for your business you were not aware of, and they can help you save your company.
You will need to explore all possibilities and use redundancies only as a last resort. However, if it is inevitable that your company will have to lay people off, you will want to seek redundancy legal advice for UK businesses from a reputable and specialist company. For those located outside the UK, Google search can help you locate specialists near you.
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Finding a Suitable Company to Help
The next step is to find a suitable employment law specialist to help you with the situation and see what your available options are.
There are many employment law specialists you can consider using, and you will want to do your research and ensure you are using a reputable company.
You can look at their social media profiles and see how they interact with their customers and what their customers think of their services. Social media platforms such as Facebook and LinkedIn are excellent resources that can prove to be valuable.
Once you have found a suitable firm to work with, you will need to decide how your company will proceed with the redundancies.
Keep Your Employees Informed of the Situation
Although it will be challenging and open a hornet’s nest of questions, you will need to keep your employees informed about the situation and the potential outcomes.
You can sometimes find that you have employees willing to take voluntary redundancy, which may be enough to save other workers’ jobs.
Be as open and honest about the situation as you can, and although some people may get angry, appreciate it is the situation they are mad about and not you personally.
Starting the Redundancy Process
If the situation develops that you still need to make redundancies, you will have to create a plan to do this. You will need to define the positions at risk and how you will select the employees for redundancy.
You will need to be transparent about this and inform all employees whose livelihoods are at risk about how the decision-making process will work.
With a bit of luck, you will hopefully save your business from going under and find a way to make it more profitable, so you do not have to face making your employees redundant again.