Employee Termination Packages
In Ontario, employers have a legal right to terminate an employee’s job, but along with that right come various responsibilities. When a termination is not carried out properly, your company risks having to defend a wrongful dismissal claim or human rights complaint.
Preparing (or negotiating) a severance package as part of the termination process can be quite difficult for an employer.
For an employer, the goal may be to treat the employee fairly and properly, and try to reduce the financial (and psychological) impact of the termination with a fair severance package. This, in turn, can help to reduce the risk of a wrongful dismissal claim by the employee as a result of the termination.
For the employee, the likely objectives are to obtain the best possible severance package, including all salary, bonuses and benefits she or he is entitled to receive under Ontario employment law.
On both ends, the goal should be to reach a fair and equitable agreement that is fair to both sides. In deciding on terminating an employee’s job, contact Bune Law, Toronto employment lawyer, to discuss your rights and obligations as an employer, including by proactively minimizing the risk of wrongful dismissal by preparing appropriate employment contracts, termination letters and severance packages.
Bune Law has experience representing various types of Ontario, and the expertise to assist you in making the decision to terminate employment effectively – and in line with employment law. Most often, this includes structuring a termination properly and cost-effectively.