Facing redundancy can be an anxious time and although it may be a daunting prospect it is also an opportunity for a fresh start.
There is plenty of advice out there on how best to cope with redundancy, how to survive it and how to use it to your best advantage.
Follow our top tips for coping with redundancy:
Keep busy: Until you land that new job, be sure to keep yourself busy and motivated. The searching for a new job is very much a full time job in itself and if approached correctly, should take up quite a bit of your free time.
Resist the temptation to lie in bed and wallow. If you have free time, take up a hobby, do some voluntary work, meet up with friends or family. Do not cut yourself off from the outside world. Staying in touch and keeping yourself busy will keep your mind active and focused.
Review your spending: We often do not actually sit down and look at what we spend our money on, until we need to tighten the purse – be that because of redundancy, a new baby etc. Review all your spending habits and cut down where you can. Make whatever money you have (or are receiving) last longer – giving you more breathing space in your search for a job.
Know your statutory rights: ensure that you are receiving everything which you are entitled to by law. You may be entitled to cash help from the government or local authorities – including job seekers allowance, housing benefits, council tax benefits etc. Ensure also that you have received redundancy payment, if you are entitled, from your employer. For more information please read the Citizens Advice Bureau’s advice on redundancy