Voluntary redundancy is an incentive offered by the employer to get their employee to leave their organization or retire before due age. This is done mostly when the employer wishes for a younger staff or when the employee seeks early retirement.
Thus it is not necessary that every organization provides voluntary redundancy. So firstly one needs to find out whether their company offers them any incentive for early retirement.Certain companies also have a particular age and require their employee to complete a certain period of service with the company before seeking voluntary retirement. Finally it depends on the employer choice to whom he wishes to grant voluntary redundancy.
Thus it is not necessary that every organization provides voluntary redundancy. So firstly one needs to find out whether their company offers them any incentive for early retirement.Certain companies also have a particular age and require their employee to complete a certain period of service with the company before seeking voluntary retirement. Finally it depends on the employer choice to whom he wishes to grant voluntary redundancy.