10 Hot Tips On How To Cope With The Prospect Of Redundancy.

The workforce has been experiencing a lot of changes over the past few years. New technology and innovations have put many managers in the position of having to make cutbacks or lay off employees for company cost-saving reasons. The news of redundancies being made and people losing their jobs has become all too frequent nowadays.

In recent times, there have been significant shifts in how difficult it is to get a job - which means that now more than ever, we need reassurance from our employers that they will be able to find a suitable job for us when times look tough.

Unfortunately, there is no guarantee that an employer will be able to offer the same job in light of redundancy so it is important for workers to look after themselves and make sure they have a plan in place for when the worst happens.

Many find that having money saved up and being prepared to move locally are the best options. Others may want to take on further education or retraining, while others decide to start their own business. There are also organisations that can provide advice on how you should go about finding work again.

If you are in a workforce that is experiencing changes and redundancy, then you are likely to experience all aspects of the psychological and emotional things that go along with it.

There are ways to cope with redundancy even when such changes have been forced upon you. And when they don't occur unexpectedly, here are ten tips on how to cope with redundancy [LINK] :

1. If You Are Not Having To Pay Rent, Don't Leave The House! Some people like to go out and do things but others prefer a more chilled out kind of lifestyle which doesn't involve clubs or expensive nights out.

It is important not to rush into taking on a new job with your current one and then make the decision to forego rent because you want to start your own business or find something else.

Find another place to live or wait until you have enough money saved up. This can give you the option of moving nearer those you know so that you can remain in regular contact with them.

2. Don't Lose Touch With Your Friends And Family! It is important not to lose touch with people that are close to you. You can keep them updated on what you are up to even when you have no time to see them.

3. Realise That Life Goes On And You Will Rise Above It! A lot of people feel like giving up but there is always a chance that everything will work out in the end. Don't give up because things don't go as you expected and it stresses you out too much!

4. Realise That Life Happens Often And Things Can Change In An Instant! Sometimes it can be hard to believe, but life is going on all around us and we may need to meet a new person, find a new job or need to move house.

We may be disappointed but we need to move on and make the best of it. Accept it for what it is and it will become a lot easier!

5. Don't Shut Everyone Out! You may want to retrench from the world when you find out but you need to try to avoid this at all costs. If you want, you can even try applying for a part-time job or something that will help keep your mind occupied.

6. Don't Let Your Emotions Get The Better Of You! Don't get too angry or sad and don't become disgruntled with the way things are because you're in a bad situation. You need to keep it together and refrain from speaking out of turn.

7. Keep An Eye On Things! Loss of privacy, loss of friends, loss of whatever it is that makes us feel like we're losing control just doesn't work for anyone so try to remain vigilant.

8. Don't Make New Friends At First! When you are in a situation that makes you feel like you're losing your friends, one thing that can save the situation is getting a new friend who offers support and advice but doesn't feel sorry for you.

9. Work Is Not The Only Way To Make A Living And Actually, It's Not Even The Best Way! When you realise that you can't continue with what you're doing and your confidence is lost, it's important not to give up completely because there are other ways you can make a living by working for companies that may not be as well-known but which still offer job security and reliability.

10. Don't Give Up! You need to find out whether the different changes that want to happen or have happened in your life even involve an actual change. If you feel like you can't change things, then try to find something else that will give you hope and make you feel like you have a future.

Source: http://www.gaxeta.com/news/10-Hot-Tips-On-How-To-Cope-With-The-Prospect-Of-Redundancy/62441.html [ARTICLE END]

(NB: Follow the link above for the full article)

Chapter 3

Health And Wellbeing

Seeing how this loan has been instrumental in securing my present job, it has for sure made a positive impact on my psychological wellbeing as well (thanx again). The money I need to pay back certainly has become a lot harder to obtain now, but as long as I can not convince myself that it is worth getting involved with another loan that I cannot pay back too soon, then my financial wellbeing stays in tact and this is the only thing that really matters to me. - James

Why Losing Your Home Can Put You At Risk

When you find out that you can no longer afford your home and then have it repossessed, you immediately think of the most likely outcome:

You are going to lose all of your possessions. You will go into foreclosure. Most likely, you will be evicted. Your assets will be seized.

This may sound quite scary but it is actually a very real possibility. These are the things that commonly happen when someone has their home repossessed.

In fact, if you are unable to pay your mortgage then you could suffer many of these things even if you aren't completely evicted from your home.

Even if you rent a house, living in an area where there is high unemployment or high crime rates could mean that you are unlikely to be able to keep your home and the neighborhood could be due for redevelopment in the future. It's important to be informed so that you can make the right decisions when it comes to protecting yourself and your assets.

Conclusion

As you can see, the possibility of your home being repossessed is one of the most direct ways that you could actually be put at risk. Your assets can then be seized and sold off to pay off creditors. The reality is that this happens quite often which is why it is so important to ensure you protect your assets.

As long as you do not have an outstanding mortgage then it makes sense to try and get a home loan for as low interest rates as possible.