Tag: Redundancy

As JobKeeper closes, businesses may need to reduce headcount to keep wage bills affordable. Here’s how to approach a restructure legally and effectively…

Remember how the Global Financial Crisis (GFC) wreaked havoc on stock markets, financial institutions and businesses whose profitability and growth forecasts were bedevilled by unanticipated, rapidly unfolding events? While Australian businesses and workers got off lightly, compared with their counterparts in other developed nations and economies, the downturn nevertheless generated a wave of lay-offs, as […]

Whether you call it the ‘sharing’, ‘gig’, ‘freelance’ or ‘on demand’ economy, the way we work and hire has changed significantly in the past few years. Now, 30% of Australians are undertaking some form of flexible freelance work.  Over in the US, around 35% of the workforce is now considered ‘contingent’, with that number estimated […]

Australian employees will now have their casual employment calculated towards their redundancy entitlements as a result of a recent Fair Work Commission ruling. The Fair Work Commission recently upheld an appeal made by the Australian Manufacturing Workers’ Union against a decision that allowed engineering and shipbuilding company Forgacs to only calculate the permanent employment period […]

For many business leaders, the past year has been a matter of holding our breath and waiting for the economy to recover.

When terminating an employee by reason of redundancy, it is critical to ensure the redundancy is genuine, provide a fair consultative process and know your employee’s entitlements.

It’s time for one of your employees to move on, so now’s the perfect time to learn about the business’ strengths and weaknesses in a candid exit interview.

Employees of liquidated companies stand to receive $150 million through the General Employee Entitlements and Redundancy Scheme (GEERS) if the Federal Government manages to push extra funding through parliament. Initially budgeted at $80 million, the scheme will require almost double the amount to cope with the increase in redundancies. Minister for Workplace Relations Julia Gillard […]