What to do after a redundancy

What to do after a redundancy

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Being made redundant from the workforce can be a huge blow, especially if you were happy in your old job, but it can also be viewed as a turning point or a stimulus to relaunch or change career direction. When people stay in the same job for too long, there’s a tendency for them to become too comfortable and unambitious.

First steps after being made redundant

First of all, don’t be tempted to take a break. The best time to start looking for a new job is the day you finish your old one. Instead, spend those first days of freedom thinking about what you want to do next and start the planning process.

Of course, the biggest challenge resulting from redundancy is often a financial one. Depending on the scale of any redundancy payment, the first thing you should do is create a redundancy budget to see just how long you can make your money last. Typically, to qualify for statutory redundancy, you must have put in two years’ service at the company.

You really don’t know how long you’re going to be out of work, so create a budget that will stretch out your available funds as long as possible. The next logical course of action is to find out what benefits you’re eligible for, if any. For instance, the sooner you make an application for Jobseekers Allowance, then the sooner you’ll get paid. You may not be entitled to any money for the time between being made redundant and making your application for benefits, so do it as soon as you get the chance. Don’t wait until your redundancy is gone.

If you’re particularly concerned about your finances, make an appointment at your local Money Advice Service. It costs nothing.

Ready to find a job

The next logical step is job hunting. Start with preparation. Update your CV, use online resources to learn how to write a great cover letter and brush up on your interviewing technique. Start your hunt for a new job by doing a job search on Zoek. That should give you a good idea of how much work is out there and what opportunities might be the best fit for your skill set and experience. What’s available on the job boards (Zoek) should be a good guide to the jobs market in general.

Make sure you target the right employers and sectors when looking for a new job. Don’t rush into the first job you’re offered straightaway. Examine all the opportunities out there and keep an eye on scope for development and progression. Don’t forget to network. Get in touch with old colleagues and even previous workplaces or employers who may have vacancies.

Don’t give up

If you don’t find a job straight away, don’t become disheartened. Check what supports are available to you in terms of additional training or up-skilling and keep on job searching – you never know when a new job will come your way and you find your way back into the workforce.

Above all, think positively and don’t be afraid to ask for support from government organisations, job clubs, family or friends while job searching. Redundancy isn’t the disaster it’s often perceived to be – sometimes it can be one of the best things to happen to your career.

Don’t forget to start your search on Zoek!

With over 50,000 UK jobs available, your next new job could be a click away.

and remember, you can also search, swipe and apply for jobs on the go on our Zoek App - Free to download on iOS and Android.  

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