Template document for your policy manual outlining your company policy with regards to redundancy compensation.
This is a key document for all business owners.
Your Policy Manual should be made available for all employees to view and in accepting a position with your business, they must also agree to accept all company policies, including this one.
This document explains:
- a definition of redundancy & what that means
- what the employee is entitled to in regards to redundancy compensation should redundancy become an option for the position held by the employee.
This document is a catch-all for all employees, whose individual situations may also be outlined in their employment agreement. Having a company policy ensure that it is clear that all employees are treated equally and fairly.