COVID-19 is impacting businesses around the world, and the effect on the global economy is only just starting to be felt. Economists are warning of a substantial economic crash, and so businesses are having to make tough decisions in order to protect the viability of their company as best they can. Unfortunately, this will mean that many individuals will face possible redundancy, and this is at all levels of seniority, including senior executives. Here we consider what senior executives need to be aware of and what issues are likely to arise in the coming months.
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The coronavirus pandemic has had an unprecedented impact on the world's economy and presented challenges for many businesses. For many senior employees and executives, pay has been scrutinised in light of the issues many companies are being faced with, such as redundancies, lay-offs and furloughed staff relying on government funding.
Cavendish Employment Law are pleased to announce that they have won 'Best Employment Law Firm 2020' at Lawyer International Legal 100 awards.
Coronavirus (COVID-19) has significantly impacted businesses in the UK, with whole industries - such as hospitality and travel - almost grounding to a halt, leaving many employers facing tough decisions when it comes to staff retention.
A recent People Management and CIPD survey revealed that a quarter of UK employers expect to make permanent redundancies in response to the coronavirus crisis. At the same time, more than half are predicted to furlough staff members.
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Client Testimonials
It would not be an exaggeration to say that I was extremely pessimistic about being able to get a decent redundancy settlement. I was feeling really low and depressed. That all changed when Caroline Walker agreed to act for me.She secured an excellent settlement for me, without me having to face the expense and stress of going to court...
- Martine Roberts"I cannot recommend you highly enough. A law firm that really delivers all it promises. I never thought I would say that I found the costs reasonable, but I did, and I will never get over how much you secured for me in a totally unexpected settlement. It has set me up for the next chapter in my life. Thank you, thank you."
- J. Brown"I would like to thank you for your exceptional service. You and your firm Cavendish Employment Law have been brilliant in your responsiveness and legal advice. We have had numerous time sensitive and complex issues. You always delivered for our company in spite of very challenging timelines. I highly recommend you and your firm."
- John McVeighIt would not be an exaggeration to say that I was extremely pessimistic about being able to get a decent redundancy settlement. I was feeling really low and depressed. That all changed when Caroline Walker agreed to act for me.She secured an excellent settlement for me, without me having to face the expense and stress of going to court...
- Martine Roberts"I cannot recommend Caroline more highly. Any client of hers is really fortunate to have her on their side. She is a credit to her profession and I am most grateful to her."
- Jake Brown
