How can I prepare and negotiate to get a fair redundancy package after 20 years at my company?
APPRENTICE star and West Ham United vice-chair Karren Brady answers your careers questions.
Here, Karren gives advice to a reader who wants to negotiate a fair redundancy after 20 years at her job.
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Karren Brady gives you career advice
Q) I have recently realised that redundancy is likely on the horizon for my role, and I am keen not to be caught off guard.
I've been at my current company for 20 years, and am fine with the idea of moving on at this point, but I want to ensure the redundancy package I receive is fair and as beneficial as possible.
How do I go about negotiating this, and should I team up with others who are made redundant to petition for a better deal?
I've never been through this process before and want to avoid being taken for a mug – so is there anything I can do in advance to prepare?
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Lianne, via email
A)
If you suspect redundancy is coming, it's wise to prepare early.
In the UK, you're entitled to statutory redundancy pay after two years working for a business, but many companies do offer enhanced terms, especially for long-serving staff.
Check your contract for any clauses on redundancy and notice periods.
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If others at your workplace have been made redundant, try to find out what packages they received, as this can give you a benchmark.
Don't wait to be told what is happening – instead, take the initiative yourself.
The Apprentice's Karren Brady gives career advice in game of Have You Ever?
Arrange a chat with HR or your manager and explain that you'd like clarity around your situation.
Ask for a full breakdown of any potential packages in writing.
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If other colleagues are affected, sharing information with each other can help – just be sure you trust who you're talking to.
Raising the subject yourself shows professionalism and may put you in a stronger position when it comes to negotiation, especially if management would rather avoid formal consultation or disputes.
Good luck – and remember, this is the start of a new and positive chapter for you.
Got a careers question for Karren? Email
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