The govt is planning to introduce new legislation that means employees will no longer be able to claim for unfair dismissal or redundancy pay. You will be financially compensated for agreeing to these in a new contract. They don't like you having any rights do they?
Hasn't this report been out for ages? Your union should be aware of it already. I am not sure it will have much impact- it's creating a different type of employment relationship for those who want to become owner-employees rather than employees. I can see though that there is a danger in theory that employers could all force it on new employees but I'd have thought it would be expensive for employers and probably not worthwhile.
Hi dotty- I think you are referring to an existing pay scheme which includes shares. I don't think you need to worry about losing your employment rights.
I think the suggestion in the Beachcroft report relate to future appointments where a new category of employee/owner can be created whereby in return for a large shareholding employees can waive certain rights. I'm not aware that this suggestion has got very far yet.
Why the hell should anyone have the (so-called) 'right' to redundancy pay anyway? You do a job and you get paid for it. When the employer no longer wants you to do the job he should just be able to say "On your bike, mate". He shouldn't need to give a reason and (unless you've got a contract that says otherwise) he shouldn't need to give any notice.
i.e. it should be perfectly lawful for an employer to approach an employee who has worked for him for 30+ years and say "Get out now. You'll be paid up until this moment and not for a second longer. If you're not off the premises within sixty seconds I'll have you physically ejected. Now GO!"
I too don't get this 'right to work' idea. You get paid for what you do and, if the person who owns the company no longer wants you, then you go your separate ways. I can't see why anyone has a 'right' to work at a particular company.
It should be the same situation as when an employee decides to leave - just give the notice as required by the contact and that's it.
//Why the hell should anyone have the (so-called) 'right' to redundancy pay anyway? //
Emp[oyment isn't a simple exchange of money for labour Chris
This might be the way Thatcherism portrays it but it's more complex that that.
It's a relationship - the reliability of employment and the reliability of labour have mutual value to the employee and employer respectively. This is why we have periods of notice on both sides.
This reliability is not necessarilly a symetrical relationship - particular if the employee is older and the company is large. If the employee has worked for the company for a long time his reliability has delivered value to that company over a protracted period of time and redundancy based on that past value is a way of making sure that service is acknowledged and the employee compensated for it.
Of course smaller employers may find this difficult to bear which is why they are exempt from many employment laws