What do I do if I am retrenched?
Just before I start…If any of my articles offends you – please email me at nomoneyau@gmail.com. I might retract/update my previous comments or articles. Then again, my duty is to provide financial tips for young people and so some things that I say may offend you (sorry!).
I got a comment regarding my article: Hoyts Free movie ticket (responding to my comment that I usually buy snacks from Woolworths) -He said that he worked at Hoyts and some of his friends in the Candy bar had been laid off LAST WEEK. He asked what financial advice I had for his friends?
(To the guy who wrote the comment: email me as I have more I want to say to you - the email you provided didn’t work/was fake)
(FYI If you write a comment on an article - Thanks to those who do – I do receive them – While I probably won’t put comments onto the site I hope to use them to improve the quality of information I provide, or ideas for new articles. So please leave your correct email address as I might contact you. Note the email address doesn’t get shown in the web comment and I won’t do anything with your email addresses)
Firstly – Guys* who have lost their jobs – I’m really sorry to hear that. Being laid off sucks and it is unfair and it makes you question a lot of things about life. And also YOUNG PEOPLE are often the first to be retrenched.
My tips for Young workers who have been retrenched
1. Get another job – Try to get another job asap. Don’t wait until your cash runs out. (perhaps this is too obvious but I have written it down anyway). 10 tips on keeping your job may help with the next job you get (or those who have a job may wish to flick through)
2. Apply to Centrelink for benefits (perhaps they could get Newstart, Youth Allowance, etc.). Have a look at Centrelink’s individuals page.
3.Think about your plans -Take stock immediately of your situation - if you are renting – maybe you should consider moving back in with your parents if you are not sure you can get another job.
4. Use it to your advantage – Maybe you can get a better job (I have about 5 or 6 friends who were retrenched in the last year that I can think of. Most are happier where they are now). Or maybe you can get a different job that more suits the unique talents you have.
Maybe you can use the time off to travel/ travel and work overseas.
Further resources:
Being retenched could be an opportunity
Constructive Tips on how to cope with Retrenchment
When you go for your next job – Raising Redundancy in the interview
* By saying Guys I mean Guys and Girls
Tags: coping with being fired, coping with being retrenched, how to get a new job, I've been fired, Laid off, tips if you are retrenched, what to do if you have been retrenched, young person retrenched