Settlement agreement advice
My company has informed me they're going to make me redundant and offered me a settlement agreement lieu of that (they specify 'risk of redundancy' but essentially they are saying we will make you redundant if you don't accept this).
They've offered me 3 month PILON plus 1 month wages ex gratia. I did some research, spoke to a lawyer and was informed the average tends to be a fair bit higher than that, so I countered for 4 months plus a few others bits. They've come back offering 2 weeks more pay and rejecting the other pieces.
I've worked there for 5 years and earn £115k at director level (basically middle management).
I can obviously keep trying to negotiate, and clearly I am getting lowballed. They do want me to stay and do a handover pre the notice period for a few weeks, but other than the threat of potentially a poor handover (which I don't think they'd feel is the end of the world), I don't really see what cards I hold from a negotiating standpoint. I'm happy to negotiate hard, but you have to actually have some cards in hand, and potentially I'm ignorant of cards I do have from a legal or HR perspective.
Any thoughts on how, or whether, I could actually get a better deal?