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What difference does my annual salary make to how much I should receive?
As a general rule, the higher your annual salary is the more money you can expect to receive in settlement agreement negotiations. This rule is, of course, dependent on a number of factors including:
The overall strength of your claims (i.e. how likely you are to win)
The types of claims that you are bringing
The potential value of your claims in the Employment Tribunal
How complex your claims are likely to be in the Employment Tribunal (as, generally, the more complex the claim, the more that the employer will be looking at spending on defending the Employment Tribunal litigation)
The employer’s financial resources (‘richer’ employers are generally going to be able to afford to pay larger settlement sums)
Redmans Limited is a company registered in England and Wales with registration number 05872980, VAT GB893856068, and registered office Parkshot House, 5 Kew Road, Richmond, TW9 2PR. Settlement Agreement Lawyer is a firm of solicitors authorized and regulated by the Solicitors Regulation Authority (SRA number: 468098).