Start now to find out the potential value of your settlement agreement.
We know working out the amount you may be entitled to in your settlement agreement can be difficult.
Our legal team has designed an easy-to-use employment settlement agreement calculator to give you a helpful indication of an employee’s settlement entitlement based on some key information including salary, age and notice period.
Our comprehensive guide below gives you some idea as to how the calculated settlement sum is generated by the calculator. This is a ball park figure and the a true reflection of your entitlement will always depend on your specific particulars and employment circumstances.
Calculator Guide
Your age
If you are nearing retirement, your settlement agreement may include an increase. Often, your employer will prefer settling to prevent reputational damage. However, if you are past retirement age, a decrease might be applied.
Your salary
There may be a slight decrease in the settlement if you are facing or have gone through disciplinary action which is connected to the settlement agreement process. Your employer will use this against you in negotiations.
Notice period
Our settlement agreement calculator will include an allowance for your notice period in the settlement calculation. This is on the basis we can usually negotiate a payment in lieu of notice as part of your settlement.
Length of service
The longer you have worked for an employer, the stronger your employment rights get. You may also pose a greater risk with regards to skeletons in the cupboard' placing you in a stronger negotiating position.
Are you registered Disabled?
If you have a disability it can be harder to find a new job following termination after a settlement agreement. This can strengthen your negotiating power with your employer.
Discrimination
If you feel you have suffered discrimination and have evidence in support the calculator will add a small increase to your settlement figure. Expert solicitor advice will be crucial in assessing the true value in a settlement agreement.
Submitted a grievance?
This often shows your employer you are serious about issues within the workplace and will place you in a slightly stronger negotiating position, particularity if the procedure is yet to start or is ongoing.
Whistle blowing
If you are involved in whistle blowing, the calculator will add an increase to your settlement figure. We can often use this to your advantage when negotiating a settlement agreement package on your behalf.
PIP
If you are on performance improvement plan, our experts can help to use this to your advantage to negotiate a slight increase. A settlement agreement can be attractive to some employers, particularly if they save money by avoiding a costly PIP process.
Started a new job?
If you have started a new job the calculator will apply a decrease in the settlement figure. The employer has no real incentive to improve on an settlement agreement and the value of some claims is drastically reduced if you are no longer suffering a loss in earnings.
Facing disciplinary?
This will be a real set back for a settlement agreement payout. The employer will use this as grounds to support a fair termination limiting your negotiating power in any settlement agreement discussions.
Are you on sick leave?
If you are on sick leave and are still getting paid by your employer this may increase your settlement agreement value. Particularity if your sick leave is connected to settlement agreement background.
