In these uncertain economic times, Paul Crowley & Co’s solicitors understand the emotional and financial stress that people experience when faced with the possibility of losing their job.

Our specialist team of settlement agreement solicitors, have a vast wealth of experience in successfully negotiating a diverse range of settlement agreements in favour of our clients, with our knowledge and expertise we are confident the final settlement agreement you sign, will reflect the best possible outcome for you.

Our settlement agreement solicitors have helped to stabilise numerous clients from a wide range of employment backgrounds from manual labourers, factory workers, middle management executives all the way through to senior management in FTSE 100 companies.

Expert legal advice…

If you need to speak directly with one of our specialist lawyers call us on 0151 264 7363 and a member of our team will be happy to assist.

 

Settlement Agreements during Coronavirus

The impact of the Coronavirus crisis on business cannot be over estimated, it has had a devastating effect on the UK economy with many companies experiencing a massive reduction in business.

In March of this year the UK Government introduced the Job Retention Furlough Scheme. This enabled companies to retain their staff and remain in business throughout the COVID-19 pandemic, unfortunately this job security lifeline is coming to an end on 31st October.

With the impending loss of the governments financial support, many employers could well find it a struggle to retain their full complement of staff beyond the October end date.

The possibility of employees losing their job when the Furlough Scheme ceases is a worrying concern for all and the potential for being released by their employer is a very real prospect for many.

The consequence of this drop off in business levels has created an uncertain future for both employers and employees alike, resulting in a 7.9% rise in job losses from March – May of this year compared to the previous 3 months. (Source: Office of National Statistics ILO Redundancy Rate).

With the downturn in business, it is predicted that mounting job losses are set to continue, from November employers will be faced with the difficult challenge of managing their workforce against their current workload and many will be left with no choice other than to release staff with a negotiated settlement agreement.

What is a Settlement Agreement?

A Settlement Agreement is a legally-binding contract between an employer and an employee usually at the termination of their working relationship.

Often a Settlement Agreement can be used at the time of redundancies, but they can also be used when businesses and employees decide on a parting of the ways.

A Settlement Agreement is used to agree a payment for you in exchange for any future claims to be made against your employer.

Settlement agreement negotiations

Many clients ask can you negotiate a settlement agreement? The answer is yes you can, settlement agreements are voluntary and open for negotiation, an employee is not legally obliged to agree and sign a settlement agreement irrespective of what is being offered by their employer.

If you have been offered an employment settlement agreement, it is important not to accept the first offer and to instruct Paul Crowley and Co’s team of settlement agreement solicitors.

Consult with the experts…

A member of our settlement agreements team is waiting to take your call on 0151 264 7363.

 

Settlement Agreement counter offer

Paul Crowley and Co will reject the employers first offer and negotiate a series of counter offers on your behalf until a satisfactory agreement can be reached for both parties.

This is especially important right now as there has been evidence of some businesses attempting to offer employees settlements based around the 60% and 80% furlough pay rates. Legally, your settlement agreement rates should be based on standard full pay.

Our experienced Settlement Agreement team at Paul Crowley & Co Solicitors will provide:

Clear advice regarding a Settlement Agreement you have already been offered

Our staff will use our settlement agreement payment calculator to work out if your financial settlement is correct

Advise you if an offer you have received is fair, or if negotiations upward should be entered

Negotiate a settlement agreement from scratch with your employer where no offer presently exists

Settlement Agreement – No upfront cost to you!

Because of the financial strain involuntary unemployment can impose on a person, access to Paul Crowley and Co Solicitors will cost you nothing.

As part of your Settlement Agreement, a fixed fee for independent legal advice is already included so your employer will be footing the bill for the advice and assistance you receive from Paul Crowley and Co Solicitors.

Why would an employer offer a settlement agreement

Employers may wish to offer a Settlement Agreement when they want to terminate an employees contract on mutually agreed terms.

This enables the employer to have a clean break with no opportunity for the employee to take the company to a tribunal or court for more money at a later date.

Can an employee request a settlement agreement?

Yes it is possible for an employee to request a settlement agreement from their employer.

Often an employee may feel they are being unfairly managed out of the workplace in which case they could request a settlement agreement as opposed to making a claim for constructive dismissal.

Requesting a settlement agreement could be a more attractive offer to an employer as it avoids the time and expense of both parties having to deal with a constructive dismissal claim.

Why choose Paul Crowley & Co?

If your Employer has provided you with a Settlement Agreement, or where a Settlement Agreement may be an option, Paul Crowley & Co are here to help.

For a settlement agreement to be valid it is a requirement that the employee takes legal advice.

It is standard practice for an employer to contribute (up to an agreed amount) to the legal costs for an employee to obtain independent legal advice.

Paul Crowley & Co’s charges will be factored into this contribution, so there would be nothing for you to pay.

Paul Crowley & Co the employment settlement agreement experts

WHAT TO DO NEXT…

For a free no obligation chat or to make an appointment with one of our Settlement Agreement Solicitors call us now on 0151 264 7363 or email us.

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