Redundancy - First Timer!
Author
Discussion

Scabutz

Original Poster:

8,686 posts

101 months

Thursday 22nd January
quotequote all
99% sure I am going to be made redundant under a restructure very soon. Nearly 30 years of work and never been made redundant before. I work in Software Engineering so god knows how I have escaped it this long.

Pay-out wise should keep me housed, fed, clothed and with a standard of wine I am accustomed to for about 7 months. I do have 2 teenage girls who might need to adjust their spending habits, or maybe get their own job. Ive never had more than 2 weeks off work in 30 years so quite looking forward to a couple of months off. Going to get fit, lose weight, work on some personal projects. Not sure if I am deluding myself though that I am going to have an extended holiday and then just find another job. Im senior management, there are a few jobs out there, but not loads.

Any tips? Presume I can claim job seekers allowance? Ive paid more than mine (and many others) fair share of tax over the years so dont feel embarrassed about taking a little back. Should I look from day 1, or just take a few weeks to chill? I can see the level of chill diminishing quickly as I burn through the redundancy and have to start dipping into savings

md_ph

398 posts

125 months

Thursday 22nd January
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I would start looking now, gives you options.

ZX10R NIN

29,890 posts

146 months

Thursday 22nd January
quotequote all
As above start looking now.

Deep Thought

38,404 posts

218 months

Thursday 22nd January
quotequote all
As per above, i'd start to get the pipeline going sooner rather than later.

You could always take a few weeks off in between if something works out quickly.

Job seekers - you can only claim from the day you register IIRC, so personally i'd go the first day you're formally out of work.


Thebaggers

383 posts

154 months

Thursday 22nd January
quotequote all
The market is dire at the moment, so good advice above, start looking now it may take you a good while to land an interview. Focus time on that everyday and then go enjoy yourself.

Top tip, ignore jobs through agencies, apply direct.

Nothingtoseehere

4,865 posts

208 months

Thursday 22nd January
quotequote all
You can only get jobseekers if you have less that £16k (around that) in savings. It's naff all per week (£35?) in the scheme of things and if you do claim it you need to visit them and look for jobs through their system. Post Covid I doubt you have to even visit.

As above - start looking for a job now. Seven months is not long.

sherman

14,799 posts

236 months

Thursday 22nd January
quotequote all
Dont forget to reach out to all your contacts that could give you a job.
You never know who has a project thats just about to start that needs an experienced manager to head a new team.

BeeDeeVV

104 posts

79 months

Thursday 22nd January
quotequote all
Thebaggers said:
The market is dire at the moment, so good advice above, start looking now it may take you a good while to land an interview. Focus time on that everyday and then go enjoy yourself.

Top tip, ignore jobs through agencies, apply direct.
I personally had much more success via agents than direct over the last couple of years.

It probably depends a little on the types of role and level.

Dog Star

17,240 posts

189 months

Thursday 22nd January
quotequote all
Nothingtoseehere said:
You can only get jobseekers if you have less that £16k (around that) in savings. It's naff all per week (£35?) in the scheme of things and if you do claim it you need to visit them and look for jobs through their system. Post Covid I doubt you have to even visit.

As above - start looking for a job now. Seven months is not long.
Nope - he’ll get contribution based for six months. Everyone does, regardless. After that it’ll go on other factors, partner, savings etc.

It was £64 a week back when I was a Jobcentre advisor back in 2009. It’s “your” money - claim it.

I personally never hassled people for “proof” they’d looked for work.

(I’m in IT dev and was contracting at the time and a strange turn of events saw me working in my local JCP for six months. It was actually really good).

Agent57

2,281 posts

175 months

Thursday 22nd January
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Be prepared for a shock.

Start looking and networking now.

The competition for jobs is fierce and job hunting is demoralising.

John D.

20,016 posts

230 months

Thursday 22nd January
quotequote all
BeeDeeVV said:
Thebaggers said:
The market is dire at the moment, so good advice above, start looking now it may take you a good while to land an interview. Focus time on that everyday and then go enjoy yourself.

Top tip, ignore jobs through agencies, apply direct.
I personally had much more success via agents than direct over the last couple of years.

It probably depends a little on the types of role and level.
Me too. Will depend on the industry too I imagine.

Olivera

8,380 posts

260 months

Thursday 22nd January
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If you can afford it then have a significant break and enjoy doing what you please. Software work is mostly dogst after all.

Deep Thought

38,404 posts

218 months

Thursday 22nd January
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John D. said:
BeeDeeVV said:
Thebaggers said:
The market is dire at the moment, so good advice above, start looking now it may take you a good while to land an interview. Focus time on that everyday and then go enjoy yourself.

Top tip, ignore jobs through agencies, apply direct.
I personally had much more success via agents than direct over the last couple of years.

It probably depends a little on the types of role and level.
Me too. Will depend on the industry too I imagine.
+1

Again, likely role specific.

I would concur RE: setting aside focus time every day then leaving it and enjoying your day. Maybe even three days a week is enough once you get in to the swing of it.

jules_s

4,964 posts

254 months

Thursday 22nd January
quotequote all
Depends on the OP's state of mind imo

Personally I'm burnt out (and have been for a while now) if I got laid off tomorrow I'd take as long as I needed to recharge/get focused again.

Job hunting in the wrong frame of mind isn't great

Nothingtoseehere

4,865 posts

208 months

Thursday 22nd January
quotequote all
Dog Star said:
Nothingtoseehere said:
You can only get jobseekers if you have less that £16k (around that) in savings. It's naff all per week (£35?) in the scheme of things and if you do claim it you need to visit them and look for jobs through their system. Post Covid I doubt you have to even visit.

As above - start looking for a job now. Seven months is not long.
Nope - he ll get contribution based for six months. Everyone does, regardless. After that it ll go on other factors, partner, savings etc.

It was £64 a week back when I was a Jobcentre advisor back in 2009. It s your money - claim it.

I personally never hassled people for proof they d looked for work.

(I m in IT dev and was contracting at the time and a strange turn of events saw me working in my local JCP for six months. It was actually really good).
Ah, right. My information is wrong rather than just out of date then!

I'm 'retiring' in a few months. Well below state age. I think I'll sign on biggrin.

Dynion Araf Uchaf

5,013 posts

244 months

Thursday 22nd January
quotequote all
Dog Star said:
Nothingtoseehere said:
You can only get jobseekers if you have less that £16k (around that) in savings. It's naff all per week (£35?) in the scheme of things and if you do claim it you need to visit them and look for jobs through their system. Post Covid I doubt you have to even visit.

As above - start looking for a job now. Seven months is not long.
Nope - he ll get contribution based for six months. Everyone does, regardless. After that it ll go on other factors, partner, savings etc.

It was £64 a week back when I was a Jobcentre advisor back in 2009. It s your money - claim it.

I personally never hassled people for proof they d looked for work.

(I m in IT dev and was contracting at the time and a strange turn of events saw me working in my local JCP for six months. It was actually really good).
And the beauty of Job seekers allowance is that you have to pay it back if you get a job, through your tax code, which generally confuses both the tax man and payroll.

I d only claim it if you have absolutely nothing left.

juggsy

1,501 posts

151 months

Thursday 22nd January
quotequote all
OP, when you get into it, treat job hunting like a job. Set some hours (start and stop point), prioritise the roles that interest you most and put decent effort into personalising your applications as best as possible. Take breaks, find some time to do the bits round the house you’ve been putting off in between (or whatever else interests you).

The automated systems are a nightmare, and can filter out the best candidates because the right keywords aren’t in the resume. Someone once suggested pasting the job description in your CV, in white using the smallest font to get past the ATS. Never tried it myself though.

Good luck!

Acorn1

2,704 posts

41 months

Thursday 22nd January
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Very sorry to hear that OP

Must be a nightmare, are you sure, have you told your powers that be your suspicions?

Seems to be happening a lot.

How far off pension age are you?

Dog Star

17,240 posts

189 months

Thursday 22nd January
quotequote all
Dynion Araf Uchaf said:
And the beauty of Job seekers allowance is that you have to pay it back if you get a job, through your tax code, which generally confuses both the tax man and payroll.
Huh? Is this a new thing?

andburg

8,471 posts

190 months

Thursday 22nd January
quotequote all
Find a job to keep in your back pocket that you can start doing immediately if it finishes. Doesn’t have have to be the right job on the right money, aim is to have something to stop you haemorrhaging the pot from day 1. The pot will last a lot longer if you’re working somewhere and it shows you still want to work.

My brother took VR and was off work over a year, found it very hard to get back to work in the industry he was in and eventually did something completely different at a much lower level when the money ran out.