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Samuel John




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Published on: 04 Apr 2017 by samuel


Has the company you have been working for rendered you redundant recently? We have a summarized guide on how to restart your working life with ease by searching for another one. We provide though-out tips on how to remain afloat as you search for another one.

It is tough to wake up and realize that you are now jobless, no income but your bills still remain. We have provided a checklist to assist you in managing your finances and situation until you land a new job. 

1.     Review Your Current Financial Status

Review your personal budget to find ways of reducing it. This is in line with your reduced finances. After that, confirm how much you are entitled to in the termination of contract pending holidays, severance package, etc. Also, confirm the balance in your saving account.

In case you keep some money for emergencies or a rainy day, this is the time to reach for it. When budgeting, consider the essential bills such as food, utility and accommodation first. You may also switch suppliers or find other ways of cutting cost.

Are there non-essential expenditures that you do away with? Maybe gym membership, subscriptions like magazines or sports club? Cancel the non essential subscriptions or find affordable options like scaling down. Use available budget planners to track the money you are expecting to receive and the areas you intend to spend it on.

 2.     Claim All Your Pending Benefits

There are benefits like Jobseeker’s Allowance that you can claim. Visit the Jobcentre Plus or Jobs and Benefits Office as soon as possible to initiate the process of receiving benefits. In some circumstances, you are entitled to such benefits as Support for Mortgage Interest, tax credits and Council Tax Benefit and Housing Benefit, among others.

Depending on your area of residence, you may qualify for a new credit line called Universal Credit which combines several benefits and credits to enable you receive a lump sum every month.

 3.     Review Your CV

The suggestion from the London CV writer The CV Architect is simple: polish your CV to include recent work history, experiences, achievements, etc. It should capture your latest career position to make you an attractive potential employee. It must be concise, relevant, clear and truthful to capture the eye of an employer. Some employers help employees with CV writing and pay for career advice services. Check whether you were a beneficially. 

4.     Polish Your Skill Set 

The job market is highly competitive and you need to stand out. Apply for courses that add relevant skills and make you competitive.

The cost of learning some of these skills is minimal and they do not require a lot of time yet they have an incredible impact on your employment potential. You may also take the course online or get financial support for career change, advancement or retraining through the redundancy package.

 5.     Make Fresh Job Applications

As The CV Architect explains, it is laborious to apply for jobs. Browse for opportunities online and on both local and national newspapers. Check the websites of companies you would like to work for. Restart networks with former classmates, family, work contacts, colleagues, etc. for updates on internal adverts and concealed openings. Networking helps to inform you of job openings that are not advertised.


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