If you have received an offer to leave your job, it is natural to search for a Settlement Agreement Calculator to check if the offer you have received is reasonable.
If you are in this position or simply want to understand how much money you may be entitled to if you were to try and negotiate an exit from your employment, then we hope you find this article helpful.
Is a Settlement Agreement Calculator Useful?
In most cases, we do not think so.
Sadly, putting in a few basic details is unlikely to give you an accurate figure and will not answer the common question, “what is a reasonable settlement agreement?”.
There are variables in every case and the detail required to accurately value a case and/or a settlement proposal requires much more information than an online calculator can obtain and takes skill and experience.
A Settlement Agreement Calculator can be trusted as much as a similar tool seeking to diagnose a complicated health issue (not very much).
The reality is, the figure presented will fail to take into account a multitude of factors that a professional would not and the figure presented may be significantly off the mark.
Is a Settlement Agreement Calculator A Good Starting Point At Least?
Again, not in our opinion.
These are most likely for marketing and not genuine tools that a professional would use. For example, lots of people search for settlement agreement calculator acas or settlement agreement calculator UK in a bid to get some initial guidance on what compensation they may be able to pursue, but lawyers (such as junior lawyers) are not using these tools themselves, which shows their lack of efficacy (if they were useful for this purpose, lawyers would use them too).
If the results produced were accurate and useful, then lawyers and judges would use (perhaps some do, but we doubt it).
For example, we have a time limit calculator, which is used to help calculate the “limitation date” (the deadline) for claims to be filed at the Tribunal, and we do genuinely use it ourselves – we cannot say the same thing for any Settlement Agreement Calculator.
What Can Be Used Instead Of A Settlement Agreement Calculator?
If you have received an offer or want to know what a reasonable offer may look like, then there is no genuine substitute for taking advice from a genuine expert in this area.
Valuing these things is not straightforward and takes significant knowledge and experience.
If you rely on a Settlement Agreement Calculator, then you may be leaving significant compensation on the table (potentially thousands of pounds) or have unreasonable expectations, which are in turn preventing an agreement from being reached – both are unsatisfactory situations.
What Can You Do Instead?
As anyone would recommend if you had a health issue, we recommend seeking out an expert in this area.
If you have been given a Settlement Agreement or want to understand your options in terms of leaving your current employment, then please get in touch with us. We are an expert team of employment lawyers with specialist expertise in handling settlement agreements on behalf of employees. We act for individuals only.
- We will react immediately.
- We have a track record of fast turnarounds and getting you the best terms possible.
- We deal with settlement agreements frequently.
- When you speak to us, we will put you at ease, answer your questions, and help you resolve the issues you are facing at work.
- Our fees for advising on settlement agreements will be covered by your employer.
Free – Compensation Calculator
We do use a Free Compensation Calculator, which is designed to give you an indication as to whether we can take on your case and obtain financial compensation on your behalf. The calculator has carefully selected questions that help triage your situation, which are then explained in the results. Our compensation calculator does not ask for figures and provide a monetary value, for the reasons discussed above.
You can use our calculator to gain key insights and an initial indication of whether we can take on your case and get you Financial Compensation, please try our Free Compensation Calculator. It only takes two minutes and is completely Free.
You will get feedback on your results to better understand your score.
Whilst you are waiting to speak to us, get some useful information on your situation:
Summary: Settlement Agreement Calculators and Alternative Approaches
If you’ve received an offer to leave your job, you might be tempted to use a Settlement Agreement Calculator to evaluate the reasonableness of the offer. However, these tools often fall short in providing accurate and meaningful results.
Why Settlement Agreement Calculators May Not Be Useful
- Lack of Accuracy: Basic details entered into an online calculator are unlikely to yield an accurate figure due to the complexity and variability of each case.
- Professional Insight Needed: Evaluating a settlement offer requires detailed information, skill, and experience that an online calculator cannot provide.
- Misleading Results: The results from these calculators might be significantly off the mark, failing to consider numerous important factors.
Better Alternatives to Settlement Agreement Calculators
- Professional Advice: Consulting with an expert employment lawyer is essential to get an accurate valuation of your case and the settlement offer.
- Expert Evaluation: A professional will ensure you do not leave significant compensation on the table and will set realistic expectations, facilitating a smoother negotiation process.
What You Should Do Instead
- Seek Expert Help: Contact an employment lawyer who specialises in settlement agreements to get tailored advice and representation.
- Fast and Effective Service: Our team of employment lawyers can quickly and effectively handle your settlement agreement, ensuring you receive the best possible terms.
- Employer-Covered Fees: Typically, our fees for advising on settlement agreements are covered by your employer.
Our Free Compensation Calculator
- Indication of Case Viability: Our Free Compensation Calculator is designed to give you an initial indication of whether we can take on your case and secure financial compensation for you.
- Insightful Feedback: It provides key insights based on carefully selected questions, without attempting to assign a specific monetary value.
- Immediate Feedback: Use our calculator to gain a better understanding of your situation and potential next steps.
If you’re unhappy at work and considering your options, or if you have received a settlement agreement offer, contact us for a free, no-obligation discussion. Our expert team will put you at ease, answer your questions, and help resolve your workplace issues.
Try our Free Compensation Calculator to get started and understand your potential for obtaining financial compensation.