Redundancy Readiness Check
Ten quick questions on how ready your fintech business is to plan redundancies fairly, drawing on the key stages in ACAS guidance. Rate each statement from 1 to 5.
Step 1 of 10
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Business case and alternatives
We have a clear, documented business reason for reducing roles, such as a funding change, restructure or shift in product focus.
No clear rationaleFully documented case
Business case and alternatives
We have considered alternatives to redundancy, such as pausing recruitment, redeploying people or reducing contractor and overtime spend.
Not yet exploredThoroughly explored
Business case and alternatives
We understand how the proposed changes affect our future team structure and the skills we need to keep for growth.
Unclear future structureClear target structure
Consultation
We know whether collective consultation applies, including the rules when 20 or more redundancies are proposed at one establishment within 90 days.
Unsure of thresholdsRules fully understood
Consultation
Our timeline allows meaningful consultation with affected employees before any final decisions are made.
Decisions largely madeGenuine consultation planned
Consultation
We know who we would consult with, such as a recognised trade union, an existing employee forum or elected representatives.
Not identified yetRepresentatives in place
Fair selection
We have objective, measurable selection criteria, such as skills, performance records or qualifications, that can be applied consistently.
No criteria agreedObjective criteria ready
Fair selection
We have checked our selection pool and criteria for discrimination risks, including for employees on maternity leave or with a disability.
Not yet checkedFully reviewed
Supporting people
Our managers are prepared to hold sensitive redundancy conversations calmly, consistently and in line with the agreed process.
Managers unpreparedConfident, briefed managers
Supporting people
We have a clear process for notice periods, redundancy pay, time off to look for work and offering suitable alternative roles.
Not worked outClearly set out
Where should we send your results?
Your results
Your redundancy readiness report
Here is how prepared you are across each stage of redundancy planning, with the areas most likely to cause delay or risk highlighted.
0.0out of 5 overall
Your level
Area by area
What this means for you
Analysing your answers…
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