Voluntary redundancy is a process in which an employee requests to be laid off from their job, typically in exchange for a severance package. This can be a beneficial option for employees who are facing redundancy or who are looking to leave their current job for other opportunities.
There are many reasons why an employee might apply for voluntary redundancy. Some employees may be facing redundancy due to a company restructuring or downsizing. Others may be looking to leave their current job for a new opportunity, such as starting their own business or pursuing further education. Voluntary redundancy can also be a good option for employees who are nearing retirement age and are looking to wind down their careers.
