Equity First

Job losses have considerably climbed up this year in the UK even with the forecasted economic recovery.  Job losses from millions of workers arise not because they did something to jeopardize their job, but mainly because the company they work for needs to reduce on expenses and needs to lay-off workers they look at as redundant. 

This cannot be prevented as the economic crisis is still ongoing and in case you have been one of the unlucky ones who suffered from mass discharges, your next best step is to re-organise your finances by looking for new means of revenues. 

Everything happens for a reason and even though a job-loss is virtually definitely a bad thing, there is always a likelihood or a certainty of a silver lining. 

Though laid-off, your privileges as an employee should be enforced above all else.  First and foremost, a written detail on why you are getting laid-off should be offered to you and those basis should be justifiable and not inequitable.  If feasible, they should appoint you a similar or different position that you can do without having to teach you anymore.

You should also get a redundancy pay if you have been with the company for more than two years.

You can add your redundancy pay or other compensation to your savings and use it to pay off priority debts such as mortgage, utilities and other principal loans.  Losing a job means you’ll have no source of revenue and you can decrease its impact by telling your creditors and your energy providers of your existing setback. 

Be sincere as you address them and show them that you are committed to your financial obligations with them.  Doing this can result to them providing you a freeze on your payments for several months.  Keeping things to yourself can prove more difficult for you than you think.

Updating your CV or resume is another step in order to promote yourself to other employers and secure you a job.  You should include every key competency, achievement and recognition you earned from your previous companies to impress other employers. 

Taking up different courses and trainings is another way to add to your educational achievement.  Taking up a masters course is even better if you can have the money for it.  The benefits will be great after you have graduated.  If you want to be flexible to other kinds of work, you should be able to learn the simplest of jobs.

Some benefits also financially assist individuals looking for work and are unemployed.  One of them is known as Jobseeker’s Allowance (JSA) and those eligible should be between 18 to state pension age.  Go to this site to learn if you are qualified for a JSA:

<http://www.jobcentreplus.gov.uk/JCP/Customers/WorkingAgeBenefits/Jobseekerallowance/index.html>

If you have other expenses that you don’t really need, you can save more by cutting them from your budget.  You can always resume spending on these once you get hold of a new and better job.

Do not feel depressed about your situation.  Being fired from a job even though you didn’t do anything wrong could be really embarrassing and leave you feeling sad for yourself.  But moping around doing nothing won’t do you any good.  Always stay positive and look to a brighter future even though things presently look bleak.  Prayers and optimism will help you get through a challenging situation.

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