What should I do after redundancy?
Preparing for after redundancy
- Help getting a new job.
- Taking time off to look for work.
- Check you got all the money you’re entitled to.
- Check if you have to pay tax on your redundancy pay.
- Claiming benefits.
- Help paying your rent or mortgage.
- Get advice about any debts.
- Get independent financial advice.
What entitlements do I get when made redundant?
This can include:
- wages – up to 13 weeks unpaid wages (capped at the FEG maximum weekly wage)
- annual leave.
- long service leave.
- payment in lieu of notice of termination – maximum of 5 weeks.
- redundancy pay – up to 4 weeks per full year of service.
How do I find a new job after redundancy?
How To Find A New Job After Being Made Redundant
- Make the most of your ‘down-time’
- Set yourself up for success with a career plan.
- Take a broader approach to your post-redundancy job search.
- Network and partner with a recruitment expert.
- Take time to refine and adapt your CV.
- Submitting a job application after redundancy.
Do I need a solicitor when being made redundant?
A good employment solicitor can help you consider whether you’re getting a good deal and whether you have any grounds for a claim against your employer – such as discrimination or unfair dismissal. Your employer might recommend a solicitor to you, but you are free to choose your own.
Can I get a new job straight after being made redundant?
A Typically there are no restrictions on you taking up employment after you are made redundant. The trouble is that some employers often stipulate that you do not take up any employment for, say, three months after you accept the severance package.
Is redundancy a bad thing?
Being made redundant doesn’t make you a bad employee. You know that, you just need to make sure recruiters know that as well. Consider the value you offered your previous employer and think about ways you can demonstrate that same value to hiring managers.
How long do you have to wait for redundancy pay?
two years
If you’ve been in the same job for at least two years, your employer has to pay you redundancy money. The legal minimum is called ‘statutory redundancy pay’, but check your contract – you might get more.
How long does it take to find a new job after redundancy?
In reality, a job search can take over a year! The average time to find a job after redundancy may be a little longer and it depends on the notice period you have at your current place of work. If you for say have 3 months notice, then you might start off your job search slower, so it takes longer to find a new job.
When can I get a new job after redundancy?
How long do I have to wait for my redundancy pay?
Your employer should pay you your redundancy pay on the date you leave work, or an agreed date soon after. They’ll pay you in the same way they paid your wages, for example into your bank account.
What should I do if I’m made redundant at work?
First things first – if you’re made redundant there are a few things you can do straight away. Read our Redundancy Action Plan for all the help you’ll need. It will tell you what to do before you leave the office with your belongings in a box, and exactly what you’re entitled to.
When does a redundancy occur in a business?
Technically speaking, a redundancy occurs when your employer no longer has a role for you due to a business restructure or closure. On a personal level, being made redundant can occur in one of two main ways.
Can a 50 year old be made redundant?
Redundancy at 50+ is a scary prospect. Many of us currently on furlough are worried about whether we’ll ever go back to our jobs.Being made redundant at any age is a difficult thing to deal with, but when you’re just that little bit older it suddenly seems as though there’s a much bigger mountain to climb.
What happens to your confidence when you are made redundant?
Redundancy can deliver a serious blow to your confidence, and bring plenty of uncertainty about the future. But dwelling on the negatives can delay your return to the workforce. Remember, it is jobs that are made redundant, not people – and it is something that can happen to anyone through no fault of their own.