Settlement agreements allow employers and employees to mutually agree terms to terminate a contract of employment and avoid a potential dispute
Problems in the workplace are usually best resolved in open conversations, including, as appropriate, through the use of performance management, informal and formal disciplinary or grievance procedures and workplace mediation.
However, settlement agreements are also a tool that can be used to deal with workplace problems.
Solutions for HR can assist in drafting and negotiating settlements in order to help end an employment relationship in a mutually acceptable way.
Read our article Can an employee request a settlement agreement?