View Full Version : IUFG - an HR related question
World's End Stella
04-25-2018, 01:52 PM
So someone wants to retire (not me you understand, I am FAR too young for that, and skint :-( ) but they want the payoff they would get if they were made redundant. In my case, that will be a year's salary.
So what would HR do if the bloke comes to them and says I want to retire but I want a package? If they say no, the bloke can take the piss until they have to get rid of him and pay him anyway, no?
So someone wants to retire (not me you understand, I am FAR too young for that, and skint :-( ) but they want the payoff they would get if they were made redundant. In my case, that will be a year's salary.
So what would HR do if the bloke comes to them and says I want to retire but I want a package? If they say no, the bloke can take the piss until they have to get rid of him and pay him anyway, no?
I asked our head of HR if she could look at redundancy when I was leaving London in 2002 after 14 years of working for them. I knew they had no real plan to replace me locally instead absorbing a lot of my work in our other offices.
She laughed and told me to fúck off. Literally. She was Irish of course so we were able to speak freely with each other.
How we laughed that night at the leaving drinks in The Chapel.
So someone wants to retire (not me you understand, I am FAR too young for that, and skint :-( ) but they want the payoff they would get if they were made redundant. In my case, that will be a year's salary.
So what would HR do if the bloke comes to them and says I want to retire but I want a package? If they say no, the bloke can take the piss until they have to get rid of him and pay him anyway, no?
No such thing as retirement any more, age discrimination and all that. There is still 'pensionable age' etc as per current statute and with your pension providers.
A person now has to give notice of their intention to leave, as they would if they were going to a new company.
Your mate could ask of course, but if there is no redundancy situation, the company is highly unlikely to pay out.
Take the piss and it would likely to become a misconduct issue and disciplinary action could be taken. Follow this route and a dismissal with notice could take place but that is likely only to be the notice period (max 12 weeks). Gross misconduct could find them out of a job with fúck all notice.
there is nothing wrong with asking HR or their manager (without prejudice) for a settlement agreement.
From a company perspective...why pay someone to leave?
Sir C
04-25-2018, 02:06 PM
No such thing as retirement any more, age discrimination and all that. There is still 'pensionable age' etc as per current statute and with your pension providers.
A person now has to give notice of their intention to leave, as they would if they were going to a new company.
Your mate could ask of course, but if there is no redundancy situation, the company is highly unlikely to pay out.
Take the piss and it would likely to become a misconduct issue and disciplinary action could be taken. Follow this route and a dismissal with notice could take place but that is likely only to be the notice period (max 12 weeks). Gross misconduct could find them out of a job with fúck all notice.
there is nothing wrong with asking HR or their manager (without prejudice) for a settlement agreement.
From a company perspective...why pay someone to leave?
He might threaten to shít on the floor of the MD's bog. What are they going to do? They can't prove it's his shíte.
Think on, i. I think you've displayed a worrying naiveté here.
In other news, your advice re Peterborough pubs was well received; now onto grub. Can you recommend a fine hostelry serving the spicy food of the sub-continent?
No such thing as retirement any more, age discrimination and all that. There is still 'pensionable age' etc as per current statute and with your pension providers.
A person now has to give notice of their intention to leave, as they would if they were going to a new company.
Your mate could ask of course, but if there is no redundancy situation, the company is highly unlikely to pay out.
Take the piss and it would likely to become a misconduct issue and disciplinary action could be taken. Follow this route and a dismissal with notice could take place but that is likely only to be the notice period (max 12 weeks). Gross misconduct could find them out of a job with fúck all notice.
there is nothing wrong with asking HR or their manager (without prejudice) for a settlement agreement.
From a company perspective...why pay someone to leave?
Fúcking killjoy.
Down with HR. Down with IUFG.
Down with all this sort of stuff in general.
He might threaten to shít on the floor of the MD's bog. What are they going to do? They can't prove it's his shíte.
Think on, i. I think you've displayed a worrying naiveté here.
In other news, your advice re Peterborough pubs was well received; now onto grub. Can you recommend a fine hostelry serving the spicy food of the sub-continent?
the pub is on a retail park, sc :-( but it is decent and shows the football.
There is a run of curry houses on Lincoln Road. I haven't visited any of them tbh.
The http://www.tajmahalpeterborough.co.uk is supposed to be ok.
Fúcking killjoy.
Down with HR. Down with IUFG.
Down with all this sort of stuff in general.
meh. I don't make the rules, sw
Sir C
04-25-2018, 02:18 PM
the pub is on a retail park, sc :-( but it is decent and shows the football.
There is a run of curry houses on Lincoln Road. I haven't visited any of them tbh.
The http://www.tajmahalpeterborough.co.uk is supposed to be ok.
:thumbup: Very kind, i.
meh. I don't make the rules, sw
You are the rules.
You are the rules.
https://www.youtube.com/watch?v=05FKtPJO8IQ
https://www.youtube.com/watch?v=05FKtPJO8IQ
I used to like them, first couple of albums. Box Frenzy, This is the Day etc.
:nod:
World's End Stella
04-25-2018, 03:19 PM
No such thing as retirement any more, age discrimination and all that. There is still 'pensionable age' etc as per current statute and with your pension providers.
A person now has to give notice of their intention to leave, as they would if they were going to a new company.
Your mate could ask of course, but if there is no redundancy situation, the company is highly unlikely to pay out.
Take the piss and it would likely to become a misconduct issue and disciplinary action could be taken. Follow this route and a dismissal with notice could take place but that is likely only to be the notice period (max 12 weeks). Gross misconduct could find them out of a job with fúck all notice.
there is nothing wrong with asking HR or their manager (without prejudice) for a settlement agreement.
From a company perspective...why pay someone to leave?
Hmmm - this sounds very depressing, I was banking on a year's salary when I finally decide to go.
I'm willing to bet that you could take the piss in a way that didn't lead to a misconduct charge but at the same time made them want to get rid of you. Plus, with banks moving more and more people to low cost centres I would think they would be pretty open to a 60+ person approaching them and saying I'm ready to leave for a redundancy package. It's one year' cost for many years savings.
Hmmm - this sounds very depressing, I was banking on a year's salary when I finally decide to go.
I'm willing to bet that you could take the piss in a way that didn't lead to a misconduct charge but at the same time made them want to get rid of you. Plus, with banks moving more and more people to low cost centres I would think they would be pretty open to a 60+ person approaching them and saying I'm ready to leave for a redundancy package. It's one year' cost for many years savings.
A bit of soldiering and rule bending might help make you persona non-grata that could help with the settlement agreement approach :thumbup:
Pokster
04-26-2018, 06:42 AM
Hmmm - this sounds very depressing, I was banking on a year's salary when I finally decide to go.
I'm willing to bet that you could take the piss in a way that didn't lead to a misconduct charge but at the same time made them want to get rid of you. Plus, with banks moving more and more people to low cost centres I would think they would be pretty open to a 60+ person approaching them and saying I'm ready to leave for a redundancy package. It's one year' cost for many years savings.
:nod: and then pay as much as you can into your works pension to get you down to a low tax bracket, then retire and take 25% of it tax free... best saving plan known to man coming towards then end of his working life
:nod: and then pay as much as you can into your works pension to get you down to a low tax bracket, then retire and take 25% of it tax free... best saving plan known to man coming towards then end of his working life
a max of £40k annual tax free pension contributions. You'd need to be on Monty's salary to afford that...
Pokster
04-26-2018, 07:49 AM
a max of £40k annual tax free pension contributions. You'd need to be on Monty's salary to afford that...
Is the 40k your own contribution, or combined individual and company contribution???
Is the 40k your own contribution, or combined individual and company contribution???
Total contributions whether by employee or employer or both, I think.
I'm no expert in this area.
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