Business Restructuring: specialist expertise and guidance you can trust
Mercer has a wealth of experience and expertise to guide organisations contemplating a redundancy exercise. We are uniquely positioned to work with you from the outset, providing advice and tools across the full spectrum of issues. Our restructuring services are designed to ease the workload of the HR team and to provide the specific skills and expertise needed to help your business.
Calculations
We have a team of specialists who have extensive expertise in calculating redundancy payments and tax exemptions for a restructuring exercise.
Mercer can calculate:
- Statutory redundancy entitlements
- Ex-gratia payments
- Tax exemptions
- Actuarial values of tax-free cash
For organisations who have a defined benefit pension plan, it may also be necessary to calculate the potential impact on the funding position of the pension plan of any early retirements. For significant restructuring we can also advise on the impact on pension expenses being accounted for by the company.
Additional Supports
Mercer also provides consultancy support on pension issues during redundancy including employers’ obligations, employees’ options, reckonable service and other possible legislative and/or regulatory issues. Mercer provides support for alternatives to redundancy and their impact on pension, such as, pay reduction, reduction of working hours, temporary closure, freezing pensionable salary.
No matter what stage of a restructuring exercise you are at, we have a range of services that can help. For further information, you can contact your local Mercer consultant.
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