redundancy package

Meaning

A financial package offered to an employee whose job is being eliminated (made redundant). It typically includes severance pay, compensation for unused leave, and sometimes job placement assistance. This term is standard in British, Australian, and Commonwealth English, while American English prefers 'severance package'.

Examples

• The company offered a generous redundancy package to those who volunteered for early retirement.

  The company offered a generous redundancy package to those who volunteered for early retirement.

• She spent her redundancy package on starting her own consulting business.

  She spent her redundancy package on starting her own consulting business.

• According to my contract, I am entitled to a statutory redundancy package based on my years of service.

  According to my contract, I am entitled to a statutory redundancy package based on my years of service.

• Negotiating a better redundancy package can help ease the transition between jobs.

  Negotiating a better redundancy package can help ease the transition between jobs.

• They are restructuring the department, but fortunately, everyone affected is getting a fair redundancy package.

  They are restructuring the department, but fortunately, everyone affected is getting a fair redundancy package.

Common Mistakes

• ✗ He received a redundant package after the layoffs.

  ✓ He received a redundancy package after the layoffs.

  'Redundant' is the adjective describing the person or job role (e.g., 'he was made redundant'). The noun 'redundancy' must be used to modify 'package'.

• ✗ The firm gave me a redundancy packet.

  ✓ The firm gave me a redundancy package.

  While 'packet' can refer to a physical folder of documents, the financial compensation and benefits deal itself is always referred to as a 'package'.

Related Expressions

Practice

• After ten years with the firm, his position was eliminated, but he received a substantial ___.

  💡 The financial payout given when a job is eliminated.

  Show answer

  redundancy package

• HR is currently drafting the ___ details for the affected staff members.

  💡 The exit compensation plan for laid-off workers.

  Show answer

  redundancy package