Losing your job can be a difficult time, regardless of the circumstances. Redundancy is when an employer reduces their workforce because a job or multiple jobs are no longer needed. If an employee loses his or her job and the employer finds someone to fill the position, it does not qualify as a redundancy.
During this unsettling period, there are many factors to consider, including the loss of your job, the prospect of having to look for a job, ensuring your finances are met and the lump sum payout you will receive. Although it may seem tempting to spend your payout on a big holiday or other purchase, it is a smart idea to sit down with our redundancy experts to find out how to proceed.
We can help with your financial matters and maximise your redundancy payout so that you get the most out of it, ensuring you can maintain your lifestyle. Getting yourself prepared today can make all the difference when it comes to managing your redundancy. Contact us today to discuss your redundancy and state of employment.