An employment settlement agreement is a mechanism for a business to finalise an issue with an employee by coming to an agreed financial settlement, that prevents further action being taken.
Sometimes things can go wrong when employing staff, ongoing fear of disgruntled staff members taking further action can be a burden that stops your business from reaching its potential. A compliant employment settlement agreement can take the stress out of the issue for both parties and allow for issues to be finalised without the uncertainty and expense of court or commission determined outcomes.
Some examples of situations that may require an employment settlement agreement include:
- Termination where procedural fairness has not been followed
- Non-genuine redundancies
- Non-payment of entitlements
- Incorrect employment structures
- Bullying or harassment
Elite HR Solutions provides confidential advice on the risks a business faces without a settlement and can assist in the negotiation of a settlement amount, as well as develop the customised settlement agreement to eliminate the risk of further action.
