Redundancy can be a horrible daunting experience for anyone who has had to go through it. It can impact your life hugely along with knocking your confidence for six. With the economy in difficulties, redundancies are in the news every day. But even when times are better redundancies happen when firms reorganise or get taken over. The uncertainty of what the future may hold can cause an employee to stress out and begin to feel depressed.
Redundancy does not mean that your career is over; it does mean however that you need to be active in searching for new opportunities as well as evaluate your career path. If you love what you do, but unfortunately the company has had to make some serious changes then stick to what you are good at. Don’t let it impact your career choices. With the right preparation and support, you can come out on top when facing redundancy.
First, you need to know your entitlements. All employers are required by law to follow a strict set of guidelines when making any redundancies, so know your rights.
Your employer should:
- Give you a written explanation as to why you’re facing redundancy
- Give you at least one week’s notice if you’ve been employed between one month and two years
- Give its employee representatives (i.e. union) 30 days notice if they are making between 20 and 99 redundancies
- Give its employee representatives 90 days notice if they are making over 100 redundancies
- Will have to pay redundancy pay to most staff who have worked for more than 2 years
- Try and find you alternative work in the company if possible.
- Must not choose who gets made redundant on the basis of their sex, race, disability, age unless objectively justified, sexual orientation, transgender status, religion or belief, pregnancy or trade union membership.
- Employers should also allow you time off for your new job search if you have worked for the company for more than 2 years. The law says that you are entitled to ‘reasonable’ time off.
Speak with your employer and HR department at length to get as much information as possible from them. You will need to look through your contract thoroughly to find out what is outlined in there in terms of redundancy. You need to know are what your notice period will be so that you can plan your new job hunt accordingly and know when your new start date can be. You should also find out if you are entitled to any redundancy pay and whether your company will provide any support for you during the transition into another company.
You do have the right to appeal against your redundancy. If you feel that you were not properly consulted, you have not been given adequate compensation, or you have been discriminated against in any way, shape or form, you can take your case to an employment tribunal to dispute the decision.
In regards to redundancy pay, this will depend on a multitude of things. The amount you are compensated will vary depending on your age, and how long you have been with the company. If the company has gone into administration, or has other financial difficulties meaning that they cannot afford the payment, the Redundancy Payments Office may make the payment. The HR team will be able to assist you with this and will be explained to you in detail.
If this were to happen to you, we suggest you get interview ready immediately and do all the necessary steps to do so such as updating your CV, know your value and the type of role and new company you would like to move into and finally promote yourself. Redundancy occurs in many organisations and this should not impact your ability to find new work. RedBox Recruitment have a range of exciting new positions added every week so get in touch with us today!