odstupného

Odstupné, often translated as severance pay or redundancy payment, is a sum of money provided to an employee upon the termination of their employment contract, typically due to reasons such as redundancy, dismissal, or the expiration of a fixed-term contract. It is a form of compensation intended to help the employee transition to new employment or to mitigate the financial hardship caused by the loss of their job.

The legal framework governing odstupné varies significantly by country and often depends on factors such as the employee's length of service, the reason for termination, and the specific terms of their employment contract or collective bargaining agreement. In many jurisdictions, employers are legally obligated to pay odstupné under certain circumstances. The amount is usually calculated based on a formula that considers the employee's salary and years of employment.

Beyond legal requirements, odstupné can also be a contractual benefit negotiated between an employer and an employee, or a standard practice within a particular industry. It serves as a gesture of goodwill and can contribute to maintaining positive employer-employee relations even during difficult transitions. The purpose is to provide a financial cushion, allowing the employee time to search for new opportunities without immediate financial distress.