Staff leaving the company will happen from time to time, for whatever reason it may be, and the correct procedures must be followed. Having an exit policy in place can help you achieve this. The exit procedure can cover items such as notice periods, procedures on leaving, return of equipment, resignations or end of fixed term contracts.
Notice periods are normally outlined in contracts of employment. Questions regarding notice periods, statutory notice, and failure to give sufficient notice or payment of notice in lieu can be tricky. GoldHR can help you get this right.
There may be times when there is a mutual agreement for you and an employee to part company. To set out the terms of this arrangement, GoldHR can help with advice and by drawing up a compromise agreement. A compromise agreement is a legally binding agreement, recognised by statue, following the termination of the employee’s employment. It usually provides for a severance payment, paid by the employer, in return for which the employee agrees not to pursue any claim that they believe they may have to an employment tribunal. Companies are now increasingly using compromise agreements as a mechanism for preventing possible future complaints to a tribunal.
For each of these stages, different action is required. We can provide suitable checklists that include accepting resignation letters, compromise agreements and exit interview guidelines. If situations get slightly more complex, we are on hand to offer advice at any stage.