Login icon Login
Phone icon +44 20 3514 6747

Redundancy

HR Glossary

Redundancy

Occurs where a business no longer has use, or can no longer sustain, a particular position within the organisation. This is not a sacking/termination, nor a resignation. Often businesses may offer redundancy packages, which are financial incentives to staff to voluntarily leave the business, which may allow employees to self-select who leaves, rather than being pushed into a forced redundancy. The business cannot re-fill the same position within the business without a significant change, (such as increased turnover which justifies filling the position).

< Back to Glossary Terms

 

We will always respect your privacy. We will treat your personal details with the utmost care, and will never sell your information to any third parties. If you choose to receive occasional updates and advice on how to grow your business you can unsubscribe at any time. View our Privacy Policy here.

Our cookies give you a great online experience and make our website work. We also use cookies to see how our website is used and help provide tailored online content. Please click "Accept" below to continue to experience the full functionality of our website.

Please click "Accept All Cookies" below to continue to experience the full functionality of our website.