SETTLEMENT AGREEMENTS
Settlement Agreements for Employers
Sometimes, the best way forward is to agree it's time to part ways.
We'll help you work through your options, understand the risks and handle the process properly.
Talk to Us About Settlement Agreements
Not every employment relationship works out as you'd hoped. Sometimes, despite everyone's best efforts, things reach a point where continuing to work together just isn't the right answer.
A settlement agreement (previously known as a compromise agreement) can provide a practical way forward. It usually involves offering an employee a financial payment in return for agreeing the terms of their departure and settling certain potential employment claims.
But these aren't conversations most business owners or managers have every day. Knowing what to offer, how to approach the employee and what you can and can't say can feel like a bit of a minefield. That's where People Pillar comes in.
And because we know there's a person at the other end of that conversation, we'll help you approach it with the care and sensitivity it needs.
Talk to Us About Settlement AgreementsPractical Support When You Need to Find a Resolution
A settlement agreement can be a sensible way to resolve a difficult employment situation, but it's important to get it right. These are legally binding agreements, and there's a lot to think about before you make an offer or start a conversation with an employee. The last thing you want is to make an already tricky situation even more complicated.
At People Pillar, we'll help you understand your options, avoid unnecessary pitfalls and approach the process in a way that's right for your business and considerate of the employee involved. We can support you with:
Understanding Your Options
Helping you consider whether a settlement agreement is appropriate for your circumstances.
Preparing for the Conversation
Advising on how and when to approach an employee about a potential agreement.
Agreeing the Terms
Helping you understand the proposed terms, including financial arrangements and other relevant conditions.
Drafting the Agreement
Preparing the settlement agreement and supporting documentation.
Liaising with Solicitors or ACAS
Dealing directly with the employee's solicitors or ACAS where required, helping to keep discussions moving and resolve any queries.
Managing the Process
Guiding you through each stage and coordinating with employment law specialists where required.
It's Not Just About the Agreement. It's How You Get There.
Conversations about settlement agreements can be uncomfortable, particularly where there's already tension or a breakdown in the working relationship. And while a settlement agreement can offer a practical resolution, it isn't always the right option.
How you introduce the idea, communicate with the employee and manage the process matters. Getting this wrong can create additional problems rather than resolve them.
We'll help you approach those conversations thoughtfully and understand when specialist legal advice is needed.
A valid settlement agreement also requires the employee to receive advice from an appropriate independent adviser before signing.
Talk to Us About Settlement Agreements
What Our Clients Say
We're proud of the relationships we build with the businesses we support. Here's what some of them have to say about working with us.
Kate Armitage
I thoroughly enjoyed it the session People Pillar delivered, but more importantly our team did and got so much out of it. Many of them commented on how much they enjoyed your delivery and approach.
I am certain it has given us good awareness and some useful tools for communicating better in the future.
Considering a Settlement Agreement?
Whether you're exploring your options or already thinking about proposing an agreement, it's worth getting advice before starting the conversation.
Tell us what's happening and we'll help you work out the appropriate next steps.
Or call us on 01303 769700
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