Facing Redundancy
Losing your job can be devastating. A blow to your pride and
your self–esteem. You may feel your worth as an employee has
been devalued and you may never recover. As dark as things may seem
after the news there is a lot you can do to help yourself get back
on the road to a new job.
The first thing to remember is that your situation is not
unique. You are not the first and you won't be the last to find
yourself in this position. The current recession means that there
are thousands of others in the same position. And - most
importantly - there is a great deal of support and help available
for anyone that is made redundant.
Think ahead.
If you are still in work and you believe redundancies are in the
offing, don't just wait for the letter to arrive. Get out your CV
and update it. Start looking around to see what is in the
marketplace. Look at signing up with a recruitment agency. Consider
adding another string to your bow by retraining to another area of
law. Look at training options available.
What to do if your job does go
You are losing your job, so don't be afraid to speak up.
Remember it is not you that is being made redundant. It is the post
or the job. There may be other opportunities within the firm. If
there are and you want to stay, don't be shy in asking.
If your employer has not made the reasons for the redundancy
clear, don't be afraid to challenge the decision and the process
that is being followed. An employer has to show that any redundancy
is a genuine one and you have a right to know about the selection
criteria being applied to the post.
Check out your contract and find out about your rights and
your entitlements. You may be paid in lieu of notice and untaken
holidays and there may be arrangements for bonuses and commission
that will add to the total due to you.
Many firms also have a redundancy package or agreement and there
is always the possibility that you may be able to negotiate an
improved package for yourself. If there is a package, the
first £30 000 of the redundancy sum is tax free, but you will pay
tax on the rest, including salary and any benefits or entitlements
you receive.
If others have been made redundant in the past from the
firm, try and find out what package they received and compare with
the one offered to you Are the terms the same? Have any bonuses or
commissions been included?
For those who don't have access to a company redundancy scheme
or agreement, the law provides a statutory redundancy pay
agreement. Statutory redundancy pay is based on a calculation
which uses your age and length of service.
The total amount you should be paid for redundancy will be based
on:
- how long you have been continuously employed
- your age
- your weekly pay, up to a certain limit (current
maximum £350)
You will get: 0.5 week's pay for each full year of service where
your age was under 22.
- 1 week's pay for each full year of service where your age
was 22 or above, but under 41
- 1.5 week's pay for each full year of service where your age was
41 or above
Try the BERR
redundancy calculator to give you
some idea of the likely sums involved.
Relevant end date for your years of
service
The number of weeks' redundancy pay you should receive is
calculated up until a set 'relevant date'. It is important to know
when this date is so you can work out how many years
service you have. For example, if you started work for your
employer on 1 March and you were given your redundancy notice on 15
February, you would need to calculate if your last year's service
can count towards your redundancy pay.
The relevant dates can be a number of dates, but in most
instances it will be the date when your employment ends (eg the
last day of your notice period). In some situations this will be
different:
- if your employer gave you a statutory notice period up until a
set date, and then changed your notice period to finish earlier -
the relevant date will be when your notice should have expired
before it changed
- if you are on a trial period for another position within the
company and your employer lets you go because the work is not
suitable - the relevant date would be when your original
contract ended before the trial period with the new position
- if you are not given the statutory notice period (eg because of
a payment in lieu arrangement) - the relevant date would be when
your contract of employment would have ended if you were given the
statutory notice period.
The ACAS web
site has details of your legal rights or call them on
08457 47 47 47. Open Monday to Friday 8.00 am to 6.00 pm.
And if you believe your employer has not followed the statutory
procedure you could always consider taking them to an employment
tribunal.
Sign on at the Job Centre
Do this as soon as you can when you have left work. This means
your national insurance will be paid and you may be able to claim
JobsSeekers Allowance and other benefits. Statutory redundancy
payments have no effect on your entitlement to contribution-based
Jobseekers Allowance. If you have lost your job through redundancy
you normally qualify for Jobseekers Allowance.
You cannot claim Income Support or Income based Jobseekers
Allowance if your personal resources, including redundancy pay or
unfair dismissal compensation, exceed £8,000. You may however,
qualify for contribution-based allowance.
Contribution-based Jobseekers Allowance depends on the status of
the worker's national insurance contributions. You will need to
have paid national insurance contributions for one of the last two
complete benefit years before the tax year in which the allowance
is claimed, and have contributions or credits for both benefit
years. Jobseekers Allowance is paid for six months, maximum.
More information on the Job Centres web
site.
Am I entitled to any other benefits?
There is a wide range of benefits and entitlements available to
individuals.
Other benefits and entitlements which may be available
include:
- Housing Benefit
- Local Housing Allowance
- Support for Mortgage Interest
- Council Tax benefit
- Employment or support allowances
- Income support
- New Deal programmes
- Benefits for Higher Education students with low incomes.
More information on the above is available from Direct
Gov
More useful information can also be found on Advice
guide.org.uk
Check your finances
Being made redundant may mean a period where there is no money
coming in. If this is the case don't delay or ignore the fact.
Check the state of your finances. If you believe you are likely to
have money problems or difficulty meeting bills let you bank,
mortgage lender, credit card company etc know straight away.
They are used to helping people who find themselves in this
situation and will work with you to provide a solution to your
problems.
Don't leave it until it is too late and becomes a serious
problem. The Citizens Advice
Bureau will also be able to help with advice in this
area if required.
You can avoid tax payments on redundancy settlements above
£30,000 by paying the surplus - up to the equivalent of your annual
salary - into a pension fund, thus avoiding up to 40% tax.
This is particularly beneficial if you are over 50, as you can
take 25% out of your pension immediatley as tax free cash. But this
concession will change in April 2010 when the age will be
raised to 55.
You can also protect yourself against unemployment with
insurance, but there may be strings attached to policies.
Best to check with your insurance
company.
ILEX Benevolent Fund
For those members facing financial hardship the ILEX Benevolent Fund may be
able to provide limited help. The Fund was set up to assist members
(past and present) and their dependants in the UK when a sudden
financial hardship occurs.
The Fund can provide a range of assistance, for example, to
provide financial help to cover unexpected or unusual bills,
utility bills, the purchase of something to help ease a disability
or to cover membership or exam fees.
The Fund relies on donations from ILEX members, ILEX branches
and other public bodies and the amount of funding available is
limited. The amounts paid out are mostly small one-off payments and
the Fund should be viewed as a 'last resort' by anyone
considering applying for help. When considering whether financial
assistance can be given, the Fund's Trustees expect applicants to
have availed themselves of any State benefits to which they may be
entitled.
An opportunity
If you have just lost your job you may not think this is the
right time, but redundancy is an excellent time to reassess your
career or your life plan. A time to reflect; look back at what you
have achieved and what you still want to do, decide where you want
to go. A time to change direction, maybe do something completely
different.
Consider whether this is a good time for re- training or
learning new skills. You may want to add to or build on your
experience by taking on further training.
Perhaps you may want to reassess your work life balance, do
locum work, go freelance or offer consultancy. Perhaps you have
always harboured a secret desire to do something totally different,
turn a hobby or pastime, something you really enjoy doing, into a
business. This could be the time to consider making the first step
towards that. Many a successful business or career has been started
as a result of redundancy.
Have a plan
Once you have lost your job consider the task of looking for a
new job as your current job. Approach it in the same way as you
would approach a problem in the workplace. Don't rush in all
directions; take time to consider all the angles, the prospects,
the opportunities, the pitfalls and drawbacks. Don't necessarily
jump at the first job that comes along (unless it is really the one
that you have been looking for all your life of course); take good
financial advice if you are considering a business opportunity or
venture.
And get a plan together. But don't just have one. Go for
plan A of course, but also have a plan B or even a plan C ready
just in case your original plan does not work out. It is surprising
how positive you will feel if you have a goal to aim towards and a
plan in place to achieve it.
Share your problems. Share your dreams.
A trouble shared is a troubled halved, so they say and so it is
with plans. Think about what you want to do. Talk it over with your
wife, husband, partner, family or closest friend. Discuss the pros
and cons of where you want to go and what you want to do next. Be
positive and work together to formulate a plan of action.
Take their advice and welcome their support. If you do find
things are getting on top of you, don't be afraid to seek
professional advice if you think you need it.
Law
Care provides ILEX members with excellent support and
counselling for those in need.
Tel: 0800 279 6888. Lines open 9:00am -7:30pm weekdays 10:00-am-
4:30pm weekends.
Keep in Touch
Whatever plans you may have for the future stay in touch with
ILEX. It is important you do not let your membership lapse. If you
are having difficulties with your subscription we can help spread
the cost for you through monthly payments. Keep your CPD up
to date. Members who are not working are eligible for dispensation
from CPD for the length of time they are unemployed. if you are
having problems let us know. If you are staying within the
profession and are thinking of moving to a new discipline we can
help with retraining through a range of courses at discount prices
from the ILEX Tutorial College.
Stay sharp
You want to stay on top of the game, so why not look to
voluntary work to keep your legal skills honed. There are a large
number of voluntary organisations that would welcome good quality
legal assistance or help in other areas, including the
Citizens Advice
Bureau.
Your local council or library are good sources of information
and contacts.
Judicial ambitions
Legal Executive lawyers may now apply for a range of judicial
appointments. If this is something you have as an ambition or maybe
as part of your long-term work plan, now would be a good time to
look towards achieving this, a good opportunity to really find out
what it is all about. Why not consider work shadowing a judge? This
is an excellent way of getting a feel for the role.
Or perhaps you want to apply to be a part of one of the mock
role exercises the Judicial
Appointments Commission (JAC) organise on a regular
basis. You will not find a better way of learning more about
the selection process – and you get paid. There is also the added
bonus that all the above will count in your favour if and when you
do apply for a judicial appointment.
And don't forget many judicial appointments are part-time. More
information on this from the ILEX web site and the
JAC web
site.
Go For it
Redundancy can be tough and demoralising. No one likes to feel
their worth as an employee is not valued but if it does happen to
you, there is so much help and advice available and so many things
you can do to get yourself back on track again. ILEX is here to
help and is just one of many organisations that are available to
listen, advise and assist those going through the pain of
redundancy.