Alternatives to Redundancies - Part 2Posted in : Supplementary Articles ROI on 7 May 2010 Issues covered:
In the second part of our Alternatives to Redundancies series, David McCarroll of Ronan Daly Jermyn Solicitors outlines a number of further options that can be considered to try and reduce payroll costs whilst preserving staff numbers in your business:
1. Alteration of Annual Bonuses or Performance Bonuses
The strength of an employee’s entitlement to a bonus will very much depend on how (and if) that bonus is referred to in a contract of employment. The wording is crucial. For example, use of a terms such as “the Company shall pay” or “the Employee shall be entitled to” are far more likely to be interpreted as creating a binding contractual entitlement. Where you have such a binding
Already a subscriber?
Click here to login and access the full article.Log in now to read the full article
Don't miss out, start your free trial today!
Are you fully aware of the benefits of Legal-Island's Irish Employment Law Hub? We help thousands of people like you understand how the latest changes in Irish employment law impact your business through a mix of case law analysis and in-depth articles. All delivered right to your inbox.
We help you to understand the ramifications of each important case from Ireland and Europe.
We help you ensure that your organisation's policies and procedures are fully compliant with Irish law.
You will receive regular updates on Irish employment law including case law reviews, legislative changes, topical updates as well as answers to your burning questions through our Q&A feature.
You will have 24/7 access to the Employment Law Hub so you can research case law and HR issues when you need to.
This article is correct at 06/08/2015
The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.