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Job Redundancy Prep

Hard 19 items · 2 hours
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testuser Published 4 weeks ago
Lifestyle

This checklist helps you prepare practically and emotionally for an expected or announced redundancy. It guides you through financial calculations, entitlement checks, job search prep, short-term income options, and wellbeing steps so you can act quickly and confidently.

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  1. Calculate financial runway — Estimate how many months you can cover essentials with available funds.
  2. List monthly essential expenses — Include rent/mortgage, utilities, food, insurance, transport and loan minimums.
  3. Add savings, severance, benefits, and side income — Tally cash, emergency fund, expected severance, partner income and passive returns.
  4. Divide total funds by monthly essentials to get runway — Round down to whole months to stay conservative.
  5. Review employment contract and entitlements — Check redundancy clauses, notice period, and official process.
  6. Check notice period, severance, and payout calculations — Confirm how severance is calculated and any deadlines to accept offers.
  7. Check pension, stock options, and accrued benefits — Document pension transfers, vesting schedules and owed holiday pay.
  8. Apply for unemployment benefits and health coverage — Register with government services and check eligibility early.
  9. Update CV and LinkedIn profile — Focus on recent achievements, metrics, and a clear headline.
  10. Identify transferable skills and training gaps — List core strengths and short courses to bridge gaps for target roles.
  11. Create a one-month job-search action plan — Define target roles, companies, weekly application and networking goals.
  12. Activate your professional network — Send personalized messages, ask for referrals, and request informational chats.
  13. Explore short-term income options — Consider freelance work, temp roles, tutoring, or selling skills online.
  14. Prepare a concise redundancy explanation and elevator pitch — Draft a 30–60 second explanation suitable for interviews and networking.
  15. Secure essential paperwork and professional references — Collect payslips, contract copies, certificates, and at least two references.
  16. Review budget and cut non-essential expenses — Pause subscriptions, negotiate bills, and set a temporary grocery budget.
  17. Set up job alerts and apply consistently — Create role alerts and aim for a steady number of quality applications weekly.
  18. Schedule emotional support and self-care routines — Book check-ins with friends, a counselor, and daily stress-relief activities.
  19. Plan follow-up dates and track milestones — Use a spreadsheet or app to track applications, interviews, finances and deadlines.
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