Episode 12: How does a payment under a settlement agreement typically compare with an employment tribunal award?
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In Episode 12 of The Settlement Agreement Solicitor, host Geoffrey Caesar, a solicitor with over 20 years of experience, addresses the crucial question: How does a payment under a settlement agreement compare with an employment tribunal award? Geoffrey breaks down the financial differences, highlighting how settlement agreements typically offer quicker, guaranteed payouts, often within 14 to 28 days, while tribunal awards can take years and involve significant risks. He explores the pros and cons of both options, including the risks of losing at tribunal, delayed payments, and employer insolvency.
In Episode 12 of The Settlement Agreement Solicitor, host Geoffrey Caesar, a solicitor with over 20 years of experience, addresses the crucial question: How does a payment under a settlement agreement compare with an employment tribunal award? Geoffrey breaks down the financial differences, highlighting how settlement agreements typically offer quicker, guaranteed payouts, often within 14 to 28 days, while tribunal awards can take years and involve significant risks. He explores the pros and cons of both options, including the risks of losing at tribunal, delayed payments, and employer insolvency.
Tune in to understand the key factors in deciding whether to settle or pursue a tribunal claim, and learn how to weigh certainty against potential but uncertain gains. If you're facing this choice, Geoffrey’s insights can help you make the best decision for your circumstances.
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