From my own personal experience, I know how hard it is to cope with redundancy. It really does feel like your world is falling apart when you lose your job.
Several years ago I was made redundant twice on the same day. Yes you did read that correctly. Twice on the same day! Allow me to explain. I was working in the world of Estate Agency. At the time I was managing 2 branches. Then one day the parent company called in the receivers. The nightmare had begun. This lead to my role at one of the branches being made redundant, then my role at the second branch was made redundant later on in the same day.
The first thing that hits you is panic. Then “what am I going to do?”
For me it was important that I stayed calm. I then talked everything through with a friend and also a Financial Adviser.
I had to consider my options.
Where can I get work?
Who is hiring?
Call my old contacts?
Think about finances, will my money last?
Where should I put my redundancy pay?
Having done all this I then wrote down my action plan and set to work on it.
I called a company I used to work for, unfortunately they didn’t have any vacancies in my field. However, they did as a mortgage consultant. This would mean retraining, taking exams, (which no one likes) a new start! So I put on the suit and went for the interview the next day.
I got the position, spent the next few months training and the rest as they say is history. This all lead me to the role I enjoy so much now, that of an independent financial adviser.
Over the years I have helped lots of people facing redundancy. My job is to try and take away your financial worries during this difficult time. So seek professional advice, (especially if that someone has been there) talk through your options and plan a strategy by working in partnership.
If you are facing redundancy and would like to talk through your options please do give me a call on 0115 977 1155 or email email@example.com.
David Pavier Independent Financial Adviser, CDG Financial Services Ltd.