voluntary redundancy + leave early for new job

Monfreid

Hello,
I have applied for a job and am hopeful that they will offer me the position.
Today, my company is looking for voluntary redundancy. They said that if you apply and get selected, you will leave at the end of july, at the earliest. Do you know if it's possible to ask to get the redundancy effective at the end of your normal notice (4 weeks) as if you were leaving the company for a new job. ideally I would like to combine redundancy and new job ... is that doable?
Thank you

Stheno

Monfreid wrote: »

Hello,
I have applied for a job and am hopeful that they will offer me the position.
Today, my company is looking for voluntary redundancy. They said that if you apply and get selected, you will leave at the end of july, at the earliest. Do you know if it's possible to ask to get the redundancy effective at the end of your normal notice (4 weeks) as if you were leaving the company for a new job. ideally I would like to combine redundancy and new job ... is that doable?
Thank you

Honestly, ask your company.

Atlantic Dawn

Some companies will do this if they want you gone as quick as possible, others may not if they can't handle your workload before their original planned date on your leaving.

Monfreid

I'm just "worried" that they might say, "well go for your new job, you don't need redundancy" ... and reject my redundancy request

CramCycle

Don't mention the new job for a start. Go in and talk about the voluntary redundancy once you have the job offer. Say you will take it if you only have to work out your notice. There will negotiations for some that will drag and having someone willing to take there first offer with little quibble would probably be a preferable choice.

May nothe be the case but if you mention the job you may as well wave goodbye to one job or the other IMO

Atlantic Dawn

Monfreid wrote: »

I'm just "worried" that they might say, "well go for your new job, you don't need redundancy" ... and reject my redundancy request

I wouldn't mention your new job at all, word it in a way to say if you were to want to leave early could you be facilitated. Your probably looking at 6-8 weeks from initial application to your new role to actually starting it between first interviews, 2nd interview, reference check and then actual offer and start date so new company might have no problem waiting until July. You might have annual leave you can take too.

Stheno

Monfreid wrote: »

I'm just "worried" that they might say, "well go for your new job, you don't need redundancy" ... and reject my redundancy request

Atlantic Dawn wrote: »

I wouldn't mention your new job at all, word it in a way to say if you were to want to leave early could you be facilitated. Your probably looking at 6-8 weeks from initial application to your new role to actually starting it between first interviews, 2nd interview, reference check and then actual offer and start date so new company might have no problem waiting until July. You might have annual leave you can take too.

As above, this is what I'd do.

If you have to leave before the redundancy period to take up the new job your current company have no obligation to pay you redundancy

Monfreid

Atlantic Dawn wrote: »

I wouldn't mention your new job at all, word it in a way to say if you were to want to leave early could you be facilitated. Your probably looking at 6-8 weeks from initial application to your new role to actually starting it between first interviews, 2nd interview, reference check and then actual offer and start date so new company might have no problem waiting until July. You might have annual leave you can take too.

My company only sent the email today regarding the offer for voluntary redundancy. I already had 2 interviews for the new role and I should get feedback on the new role before the end of the week ... so the timing is very tight, would be hard to ask them to wait for me until late july so that I can have my redundancy

Stheno

Monfreid wrote: »

My company only sent the email today regarding the offer for voluntary redundancy. I already had 2 interviews for the new role and I should get feedback on the new role before the end of the week ... so the timing is very tight, would be hard to ask them to wait for me until late july so that I can have my redundancy

I'd be taking the view if I was you that you were leaving anyway if you got this new job, so the redundancy is kinda immaterial.

CramCycle

Monfreid wrote: »

My company only sent the email today regarding the offer for voluntary redundancy. I already had 2 interviews for the new role and I should get feedback on the new role before the end of the week ... so the timing is very tight, would be hard to ask them to wait for me until late july so that I can have my redundancy

Any offers or statements on what the redundancy is?

Monfreid

Stheno wrote: »

I'd be taking the view if I was you that you were leaving anyway if you got this new job, so the redundancy is kinda immaterial.

I understand your point of view

It was not my intention to leave but I was looking at the job market on the internet and I came across this very good role and applied for it , just to see ...

Now that they are looking for voluntary redundancy, I thought that I might be able to combine the 2, new job + redundancy (a good lump sum in my case)
Now I'm in a position that I think I could be offered the job and see all my options if the job is offered to me:

1- Take the job
2- Not take it and ask for VR
3- Ask for VR and try to get the new role as well
4- do nothing, stay in my current role

I've just read that you can ask to leave sooner than your termination date but this must be done within (not before) your obligatory period of notice. (2 weeks, 4 weeks, 6 weeks, 8 weeks, depending of your length of service) but your employer is not obliged to accept

https://www.workplacerelations.ie/en/Publications_Forms/Notice_to_an_Employer_by_an_Employee_to_Terminate_Employment_RP6_.pdf

Monfreid

CramCycle wrote: »

Any offers or statements on what the redundancy is?

no, people have to contact HR directly to know what the offer is. VR is usually better than compulsory redundancy I think and the current offer for compulsory is 2 weeks statutory + 4 weeks extra (according to a person that was made redundant earlier this month)

CramCycle

Monfreid wrote: »

no, people have to contact HR directly to know what the offer is. VR is usually better than compulsory redundancy I think and the current offer for compulsory is 2 weeks statutory + 4 weeks extra (according to a person that was made redundant earlier this month)

You sound like you like the sound of the new job. Ring HR and enquire what's being offered. You haven't been offered the new job yet so don't leap.

Mull over the offer, if it sounds good, ask can you just work out your notice. Then make a decision. I imagine if you accept the first offer it would rarely be an issue.

Mrs OBumble

Monfreid wrote: »

They said that if you apply and get selected, you will leave at the end of july, at the earliest.

You can ask all you want, but it sounds to me like the company have answered your question already: they aren't going to be paying out anyone who was going to leave anyways.

Seriously - if you've got a job, you don't need a redundancy payment.

davo10

CramCycle wrote: »

You sound like you like the sound of the new job. Ring HR and enquire what's being offered. You haven't been offered the new job yet so don't leap.

Mull over the offer, if it sounds good, ask can you just work out your notice. Then make a decision. I imagine if you accept the first offer it would rarely be an issue.

It most certainly will be an issue. Your current employer will be delighted to let you go without having to pay you redundancy so once you inform them of your intention to resign, there is no incentive to select you for redundancy if it is an application process.

Op, apply for redundancy asap and don't mention a word about your new job to anyone you work with. If you get an offer from the new job, try and hold off accepting it for a while if you can and see what becomes of your redundancy application. If you have been there for a few years you may be talking about a new few thousand Euro in your pocket.

CramCycle

davo10 wrote: »

It most certainly will be an issue. Your current employer will be delighted to let you go without having to pay you redundancy so once you inform them of your intention to resign, there is no incentive to select you for redundancy if it is an application process.

I thought I clearly meant that if the OP took the redundancy that asking to leave early (for whatever reason, be it that they don't feel comfortable working with their co workers knowing they have taken redundancy, or they just want to get out as soon as possible if they are not going to be staying) would not be a big issue unless they get over subscribed to the VR. Most people will try and negotiate something a bit better than the VR, if the OPs only ask is that they are let go a bit earlier, then it is likely to be accepted. Although this is a generalisation and it may not apply in this situation without more specifics.

Monfreid

The redundancy should be around 70K ... The new job is more paid than the current one (+10K) and only 30mn from home. I know that it's better to have a job than redundancy because you may be unemployed for 1 year before you find something else and a good part of your lump sum is gone ... It just happens that I came across this new job and after 2 good interviews, got the mail for VR so I was thinking that maybe I could have both :-) but timing is very tight unfortunately so I may just have two options there, take the new job or stay in the current one and forget the redundancy for the moment

HelgaWard

Monfreid wrote: »

The redundancy should be around 70K ... The new job is more paid than the current one (+10K) and only 30mn from home. I know that it's better to have a job than redundancy because you may be unemployed for 1 year before you find something else and a good part of your lump sum is gone ... It just happens that I came across this new job and after 2 good interviews, got the mail for VR so I was thinking that maybe I could have both :-) but timing is very tight unfortunately so I may just have two options there, take the new job or stay in the current one and forget the redundancy for the moment

I think you are dead right to try for both. Getting a good lump sum would be fantastic. I think the main thing to do it not panic. Don't mention the new job to anyone. Apply for the voluntary redundancy. You may not be accepted for it, but it is worth a shot. If you get a offer from the company you have interviewed with you can accept and negotiate a start date that facilitates getting redundancy from your existing company.

godtabh

Monfreid wrote: »

I'm just "worried" that they might say, "well go for your new job, you don't need redundancy" ... and reject my redundancy request

That's exactly what will happen.

CramCycle

Monfreid wrote: »

The redundancy should be around 70K ... The new job is more paid than the current one (+10K) and only 30mn from home. I know that it's better to have a job than redundancy because you may be unemployed for 1 year before you find something else and a good part of your lump sum is gone ... It just happens that I came across this new job and after 2 good interviews, got the mail for VR so I was thinking that maybe I could have both :-) but timing is very tight unfortunately so I may just have two options there, take the new job or stay in the current one and forget the redundancy for the moment

The third being to investigate the redundancy, outline the points here, such as if you took it, would they accept you leaving after your notice.

Obviously do not mention the job.

If you get offered the new job (I presume you haven't yet), then you can go back in, tell them you will take it (if they have accepted to let you just work your notice), if they haven't let you just work your notice, then your choice is new job or old job. Are these the only redundancies coming? How secure is your current position if VR isn't taken? Is the business there for the next few years in your eyes? Taking the new job may be the better option regardless.

As I said without specifics, it is hard to give advice but you sound like you know what the best option is, depending on their response.

Monfreid

VR is offered at the moment and they will look for more in Q3, maybe compulsory this time ... I don't think the business is there for the next few years the way things are going at the moment

DSN

You would be mad to miss out on redundancy - apply straight away say NOTHING about the job & wing it for now. If you get offered the job in the next week or so, drag it out for few days say you want to see contracts etc. Its not that unusual to have 3 months notice in jobs esp. if you at senior level or you can say you want to give x weeks notice & take holidays before starting new job. From my experience of hiring or being hired - if a company wants you they will wait a few weeks. And from the other side - it depends who is doing the redundancies is it a managers who is just given a headcount reduction 'target' (eg if its a large multi-national usually the case) these mgrs do not want to lose people (means more work for everyone left) & its not money out of their back pocket to so they much happier to give it to someone who wants to go & really don't care if they were gonna leave anyway - least then they don't have to feel bad about it! Now if its a small company & the person doing the letting go is the owner of the company that's a different story. Also if you being made redundant anyway I hardly think they'll stop you leaving a month early as it would mean one less months pay & you hardly gonna be super productive in that mth anyways (also you might have holiday days to use up etc)
I think you in a great position - good luck hope it works out.

islander222

Monfreid wrote: »

The redundancy should be around 70K ... The new job is more paid than the current one (+10K) and only 30mn from home. I know that it's better to have a job than redundancy because you may be unemployed for 1 year before you find something else and a good part of your lump sum is gone ... It just happens that I came across this new job and after 2 good interviews, got the mail for VR so I was thinking that maybe I could have both :-) but timing is very tight unfortunately so I may just have two options there, take the new job or stay in the current one and forget the redundancy for the moment

I was in exactly the same situation a couple of years ago... From my experience it depends on the company and your role in it. Do you have any holidays worked up because you could use those to finish early? Negotiate with the new employer to push out any start date.
Don't mention the new role to anyone and work with HR about finish date...

Why not get both! Timing is very tight so best of luck!

JIdontknow

I would enquire about getting early voluntary redundancy, but don't mention new job at all. 70k is a big payout to walk away from, so you are right to try get the best of both worlds. If you've a good relationship with the company they may facilitate it, I have actually seen it before where a guy got redundancy etc and started a new job a few days / week later, but not in a private company. As said also, you could use your holidays to finish early, check how many days you are carrying, up to start of July you will have approx 10-12 depending on contract (and if full time) that's half a month, are you carrying over any from previous year, days in lieu, etc?

You could always see would the new company wait, maybe come up with an arrangement where you take a pay cut there the first year if they can wait until July, etc, that could all be discussed? Say a 5 / 10k pay cut the first year is still better when you get the redundancy, will mean you will be on somewhat the same salary as you are on now.

KlausFlouride

Don't mention new job; Current company is looking to cut costs, they will view it as saving 70k+ if you are leaving anyway.
I would suggest not staying around is company is going down the tubes & offering VR could suggest that, all that's in the future is stress and pay cuts. Jobs market is relatively ok at the moment, depending on your experience/situation.

CIARAN_BOYLE

Monfreid wrote: »

The redundancy should be around 70K ... The new job is more paid than the current one (+10K) and only 30mn from home. I know that it's better to have a job than redundancy because you may be unemployed for 1 year before you find something else and a good part of your lump sum is gone ... It just happens that I came across this new job and after 2 good interviews, got the mail for VR so I was thinking that maybe I could have both :-) but timing is very tight unfortunately so I may just have two options there, take the new job or stay in the current one and forget the redundancy for the moment

70K is a nice lump sum. If you have a mortgage and paid that off your mortgage it would work out at least €2,800 a year off the interest.

Irish_Elect_Eng

It really depends on a couple of things.

Will You be selected at all?

(1) If you are valuable to the company currently, they will not select you for VR, only a very stupid company offers VR to employees who are productive and a good return on their investment. VR is a great opportunity for companies to shed the "dead wood"

(2) If your VR Payment is going to be higher than other aplicants they may not select you for VR.

(3) IF oversubscribed, they will need to follow a defined procedure to select that people getting VR, you may simply not be selected under the parameters that the company uses.

(4) If undersubscribed, you have a fair change of them agreeing.

Lock in the new job, talk to them about being flexible on your start date.