The contents of this article are for general information purposes only and does not constitute as legal advice. Specialist advice should be taken in relation to specific circumstances.
Whether expected or sudden, redundancy can cause uncertainty, stress and anxiety. We’ve put together some ways you can look after yourself during the redundancy process.
Looking after your wellbeing during redundancy is just as important as making sure you get the payment you’re entitled to…
With talk of ‘second spikes’, a ‘new normal’, and habits changing for good, job security is a concern for many of us right now. Employers across the UK (and the world) are facing tough redundancy decisions.
Whether it’s unexpected news or something you can see coming, being made redundant can cause stress and anxiety in a way that you may not have experienced before. It’s likely going to be hard to deal with, so being prepared mentally and financially is key. It’s helpful to remind yourself that these are business decisions, not personal ones. It’s simply your job that is redundant, not you.
We’ve put together some thoughts, advice and ideas to help you come to terms with the reality of redundancy:
It’s okay to feel... anything
We all express different emotions during times like this and that’s ok. You could feel anything from shock and resentment, to relief, or even positivity about new, unexplored opportunities.
However you’re feeling, it’s important to give yourself space to process these emotions. Don’t bury them away. Instead, why not talk things through with a good friend or relative. Even if they can’t offer any advice, you might feel better for simply saying your worries out loud.
Know your rights and manage your money
When it comes to redundancy, it’s good to know about your rights as this can help you prepare for the future and help to put your mind at ease.
Understanding your payout, and your finances in general, is bound to be top of your mind at times like these. Money can be hugely stressful, especially if you’re not sure when your next payday is landing.
There are many practical things you can do to help to ease this anxiety, such as starting to make a budget of all your incoming and outgoings, or listing which non-essentials you can cut from your spending. The articles and tools on our Money Wellness Hub are packed with helpful advice and tips – so it’s a great place to look for inspiration.
For more information on your redundancy rights and pay, have a read through our article here.
Focus on what you can control
If you’re faced with the uncertainty that comes from being made redundant, the best thing to do is focus on the things you can control.
From updating your CV and signing up for job alerts, to making a note of all the qualities you have and getting in touch with old contacts – anyone who might have a lead about potential work – now’s the time to get practical.
You can’t control the economy, or how long Covid-19 is likely to impact businesses, so just take care of business at home – be proactive and get on top of the things you have sway over.
Do something, even if it’s nothing
We all process things differently and have our own unique ways of dealing with big life-events such as redundancy. For some of us that means keeping busy, for others that means taking some time to relax.
This is about finding what’s right for you as you adjust to your change of routine following redundancy. However you fill your time, it’s a chance for you to get your head right and process your feelings as you begin the next chapter in your working life.