Redundancy: 6 ways to take control

When you’re made redundant it’s easy to feel like you’ve lost control of your life… And this is the most important time to take it back.

We explain how to get back on top of things.

 1. Give some comfort to your partner

Often it’s not the person who’s lost their job who does most of the worrying – it’s their nearest and dearest. They worry about the mortgage, the kids, whether to cancel the holiday, and they worry that you’ll fall apart. In fact, dealing with their anxieties can be as bad as dealing with your own.

So tell your partner what your immediate plan is and involve them where possible. If they feel like you’re in control and that they can be of use, it will ease the worst of their concerns and take the pressure off you.

2. Tell the right people

Telling people you’ve lost your job can be really tough. It’s likely you’ll feel embarrassed about the situation – but you really shouldn’t. There’s no shame in being made redundant: it can happen to anyone. If you want to get back to work, the worst thing you can do is keep your redundancy to yourself.

Being made redundant can knock your confidence, so it’s important to remember that you aren’t redundant, your last job role is.

Emotional support following redundancy

3. Sign on

One of the first things you need to look into is signing on for Jobseeker’s Allowance (JSA). Whether or not you need the money, it’s important that you claim for the following reasons:

  • Depending on your circumstances, you may be able to receive credit for your national insurance (NI) account, so you’ll be receiving NI contributions as though you were working. This will prevent any sizeable gap developing in your NI record, which could affect your pension or your rights to benefits later on.
  • It’s important you don’t underestimate how long it will take to get another job. When economic conditions are normal, a manager or professional can expect their job search to take between three and six months. In the current economic environment, it might take a lot longer.

A few things to bear in mind…

  • You cannot claim while you are still being paid ‘payment in lieu of notice’. This is because you are still officially employed while you are receiving this money.
  • You do not have to wait until you have used up your redundancy payment to be able to sign on. Most people who were employed under PAYE will have made enough national insurance (NI) contributions to qualify for contributions-based Jobseeker’s Allowance, which is payable for 26 weeks regardless of savings and income.

4. Make a budget

Unless your redundancy settlement was exceptionally generous, you will need to restrict your outgoings until you find a new job – and that means budgeting.

Our guide to budgeting

5. Set up a daily and weekly schedule

It’s important you give your days and weeks structure to stay motivated and keep up your self-esteem. That doesn’t mean you need to search for jobs 9-5 – that would quickly wear you down. However, it is sensible to replace the structure of a work day with an alternative that includes time for job searching and networking, health and fitness, friends and family and hobbies.

Put in some events or activities you can look forward to each week, whether it’s a trip to the cinema or a night out. Stick to a structure and you’ll know you’ve reached (and earned) a weekend break.

6. Hire a coach

Redundancy coaching is a focused and effective method designed to help people meet the challenges they face following redundancy. A professional life coach will put a process in place that helps to develop skills and give people the confidence to make the right moves forward in developing and regaining control over their career. The first step is to ask for help….so please contact me today for a free 30 minute chat to discuss your situation.

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