Losing your job can be a particularly distressing event in life. In trying times such as these, all hope isn’t lost! There are steps you can take to get yourself back on track.
Sort Your Pay
If you are being made redundant, you’ll most likely be given redundancy pay. You’ll want to make sure you are being given the appropriate amount that you are entitled to. Don’t be afraid to challenge any discrepancies you notice. You can double check how much you are owed using the Money Advice Service at https://www.moneyhelper.org.uk/en.
Accept Assistance
Accepting available financial assistance such as Government benefits like Job Seekers allowance or Universal Credits, and other financial entitlements such as child tax credits should help to take the pressure off this sudden loss of income. Unemployment can leave gaps on your National Insurance Record, however receiving state benefits or entitlements credit this.
Housing Arrangements
Whether you’re living on a rental or mortgage arrangement, you should contact your Landlord or mortgage provider. It is always worth asking to check if your landlord can help with payment schedules in situations like this, alternatively, your mortgage provider may be able to offer an extension or reduction on monthly payments.
Budgeting
Take some time to sit down and consider the necessities in your spending budget. Think about essentials and things that you can forgo until you are able to gain stable employment again. Budgeting is important for this sudden loss of income, and it will serve you well in maintaining a better degree of financial stability.
Brush up your CV
Now is the perfect time to brush up your CV. You may have been in your previous role for quite some time prior to your redundancy so it’s more than likely you’ll need to update the information on your CV. You can view our spotlight on how to write a CV here.
Start your Search
It’s important to begin your search again as soon as you’re ready, to leave minimal gaps in your employment and obtain stable employment again. FINTEC recruit have a number of articles on how to make the most of your job search and additional information on getting through the interview phase.
Try to get into a routine of searching for a new job so the process doesn’t become too overwhelming in these already stressful times.
Next steps
Follow these steps to keep moving forward and find your new role. You can regain more stability in these rocky times by ensuring you make arrangements for housing and receive any extra benefits or entitlements you may be eligible for. Stay positive and you’ll be on track to finding your next role!