Being Knowledgeable About Redundancy
According to 87% of the workforce of the USA, they are sure that they will still have their job after a year. This is definitely a good news, and it just proves that the improvement in the economy is continuing to rise. The unemployment rate today is 4.4%, and this is due to the good administration of former president Obama. Keep in mind that this improvement does not eliminate the possibility that employees can become redundant. Before you will experience redundancy, make sure that you are ready for this kind of situation. Last 2008, people have not anticipated that there will be a financial crisis, leading to a 10% unemployment rate by October of 2009. Whatever the circumstance is, you should equip yourself with knowledge in order to have a good plan. In case you will encounter that situation, there are important tips that you should remember which are the following
Assessing your position is the first thing that you should do. You should be able to know if your termination was fair or not. Many employers give severance pay, which is not a must according to the law of the United States. There are also people who received money lower than what they expected, which is something that they can’t fight for a hundred percent. On the other hand, before an employee will be considered as a redundant, the employer still needs to go through a fine process which is guaranteed by the law. You can actually take your employer to court or sue them if you think that they terminated you because of an unprofessional or unacceptable reason. This will make you fight for your right, which should be taken very seriously. You will not waste your money and time if you strive hard in order to win the case.
If you just simply want to accept their decision, you should think of a way on how you will be able to support yourself after losing your job. You must converse with your bank regarding your situation, especially if you are currently having a hard time with mortgage payments. Your bank might give you a good arrangement if they understand your situation. If you are thinking of selling your house, you should open your mind to the possibilities that you might not receive good amount of money from it. If you want to have money monthly, you must consider making your rooms open for rent while waiting for the improvements in the market.
Your main goal here is to have a decent job again. All your efforts will be worth it after finding a good one. It is normal to experience being blocked on your way. If you cannot get one right away, a volunteer job should be a start.
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