Job Redundancy Prep

19 items · Lifestyle · Hard difficulty · 2 hours

Practical steps to protect your finances, career, and wellbeing after job loss.

• Calculate financial runway

  Estimate how many months you can cover essentials with available funds.

• List monthly essential expenses

  Include rent/mortgage, utilities, food, insurance, transport and loan minimums.

• Add savings, severance, benefits, and side income

  Tally cash, emergency fund, expected severance, partner income and passive returns.

• Divide total funds by monthly essentials to get runway

  Round down to whole months to stay conservative.

• Review employment contract and entitlements

  Check redundancy clauses, notice period, and official process.

• Check notice period, severance, and payout calculations

  Confirm how severance is calculated and any deadlines to accept offers.

• Check pension, stock options, and accrued benefits

  Document pension transfers, vesting schedules and owed holiday pay.

• Apply for unemployment benefits and health coverage

  Register with government services and check eligibility early.

• Update CV and LinkedIn profile

  Focus on recent achievements, metrics, and a clear headline.

• Identify transferable skills and training gaps

  List core strengths and short courses to bridge gaps for target roles.

• Create a one-month job-search action plan

  Define target roles, companies, weekly application and networking goals.

• Activate your professional network

  Send personalized messages, ask for referrals, and request informational chats.

• Explore short-term income options

  Consider freelance work, temp roles, tutoring, or selling skills online.

• Prepare a concise redundancy explanation and elevator pitch

  Draft a 30–60 second explanation suitable for interviews and networking.

• Secure essential paperwork and professional references

  Collect payslips, contract copies, certificates, and at least two references.

• Review budget and cut non-essential expenses

  Pause subscriptions, negotiate bills, and set a temporary grocery budget.

• Set up job alerts and apply consistently

  Create role alerts and aim for a steady number of quality applications weekly.

• Schedule emotional support and self-care routines

  Book check-ins with friends, a counselor, and daily stress-relief activities.

• Plan follow-up dates and track milestones

  Use a spreadsheet or app to track applications, interviews, finances and deadlines.

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