A look at how to run a watertight, risk-free redundancy exercise

The Bank of England is predicting a long recession, businesses are grappling with the negative effects of inflation, budgets are coming under pressure and cost savings are on the agenda. Some employers, including financial adviser firms, will be looking to reduce headcount, which translated, means making people redundant. On a human level, it's an upsetting event for all those involved. Making staff redundant is also legally risky, as it's all too easy to fall foul of the complex law in this area. When it comes to redundancy, getting the process right is key. Get it wrong and employee...