Losing a job, and often your financial stability with it, can be a horrible feeling. And a tough situation to deal with. But what can you do to make things better? We looked at the steps to take when you lose your job.
Know Your Rights – The Legal Stuff
Every business has its own redundancy policy. It is critical that you read this (boring, I know) in order to comprehend what will occur.
Also, examine your contract for notice periods, which may vary based on how long you’ve worked for the company.
You can take reasonable time off during your redundancy notice period (if you’ve been working for at least two years) to hunt for a new job or attend interviews. Check your contract/policy to see if this has been paid in full.
Look into the minimum rights you have as an employee on websites like ACAS and gov.uk.
Steps To Take When You Lose Your Job – Redundancy
Yes, there is such a thing: if you are laid off, you may be entitled to compensation from the firm. You are eligible to redundancy pay if you have worked there for more than two years.
Some employers may offer “contractual redundancy,” in which case they will pay you more than the minimum wage set by the government.
Other companies may provide “voluntary redundancy” programmes, in which you can request to be laid off and get a lump sum payment. Even if your redundancy salary is less than £16,000, you may still be eligible for benefits.
You will receive written notification of your redundancy pay, so check with your manager and your company’s work policy for further information.
Steps To Take When You Lose Your Job – Union Help
Unions have a mixed reputation, but they can be strong advocates for your course. They are, after all, there to safeguard workers. They’ll go over policies and make sure the company is following the law (and that it’s not simply a boss wanting to fire you for not complimenting their new haircut!).
Find out who your workplace representative is and ask for their help. Remember that you must first be a member of the Union for a few months in order to receive full Union support.
Perfect Your CV
Make sure your CV is up to date and that you’re selling yourself! Consider all of the new talents you acquired while working for the organisation. How far have you progressed as a person?
Make a list of challenges you overcome or projects you’re particularly proud of. This will come in handy when it comes time for interviews.
Also, post your CV on every job-hunting website you can find, and contact every agency and company you’re interested in working for.
Do you have a Linkedin or other social media profile? Everything should be updated to reflect who you’ve become and where you wish to go. If you need some assistance, Reed offers a fantastic CV guide.
Steps To Take When You Lose Your Job – A Time For Change?
Take some time to reflect on what you truly desire in life. Perhaps this bad news is actually an opportunity? This is especially true if you hated your job.
Are there any freelance or part-time employment you may look into if full-time work isn’t where you want to be in the long run?
Don’t Give Up
If you have to work throughout your notice period, give them a cause to locate you another job inside the company or write the best recommendation you’ve ever had by performing better than you’ve ever done before.
Keep in touch with your coworkers and managers; it’s possible that they’ll be laid off as well, so make the most of your last few weeks.
If you’re feeling overwhelmed, take a long walk during your lunch break, work only the hours you’ve agreed to, schedule time to meet family and friends, and remember what’s most essential in life.
