7 tips to help you deal with redundancy

Getting laid off can be an incredibly trying situation. As well as the stress of career uncertainty, you also have to deal with financial insecurity. Follow these tips and you’ll be back on your feet in no time at all.

1. Get help. As soon as you become aware that you’re being made redundant, reach out to a financial adviser. Between tax and benefits, the process can be a bit of a landmine so it’s best to talk to an expert to make sure you’re not missing out on anything.

2. Start looking for a new job. To get back up on the horse as quickly as possible, you’ll need to start looking for work immediately. Update your CV and sort out your referees; if these are done well, it can make all the difference.

3. Know your rights. Your financial advisor will help you to figure out what termination payments you’re entitled to and what benefits you might be eligible for. Claim everything you’re entitled to.

4. Upskill. Use your time off work wisely. If there are any skills that might help you get a new job, take a course and learn it.

5. Make the right choice. Don’t just jump at the first opportunity that pops up. Make sure you choose the right job for you.

6. Don’t get too down on yourself. Although you might not have planned for it, many people find that being made redundant provides them with a wonderful opportunity to go out and pursue the career they’ve always wanted.

7. Be enthusiastic! Having a positive outlook will help you get a job and, once you start, it will help you cope with the new environment. The first few months are the toughest in any job. If it’s something you really want to do, stick with it!

For more helpful advice, check out our earlier blog posts or get in touch with us today. We’ll be delighted to help.

All the best,

The Team at Gallivan Financial

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