Opportunity of Voluntary Redundancy

getmore4less

OK don't apply for VR and withdraw any application made, that will eliminate any issue with claims on policies around VR. you won't even have to tell fibs.

you did not take VR.

Just make sure that you get a letter saying you were redundant.

Get the agreed payouts AND reference as part of the CA.

One other thing to watch is policies usualy don't pay out for any PILON period.

Judo_Col

getmore4less wrote: »

OK don't apply for VR and withdraw any application made, that will eliminate any issue with claims on policies around VR. you won't even have to tell fibs.

you did not take VR.

Just make sure that you get a letter saying you were redundant.

Get the agreed payouts AND reference as part of the CA.

One other thing to watch is policies usualy don't pay out for any PILON period.

I have got that, the terms are the same as if I were to go voluntarily.

thundercut

I took voluntary redundancy. I'm going to offer you the benefit of my advice, but it just reflects my experience. I should say that I did find a new job which started 5 days after my redundancy.

Firstly, Agencies were in my experience terrible. They do call lots, but often if you sift between what they have, it's not great. For example, I would regularly receive calls from 3 agents in the same morning all recruiting for the same job. This really artificially inflates the level of 'jobs' out there, and the interest in your CV. This came as a real blow to me.

Also, after working somewhere for so long, it's really strange how ingrained the company and corporate life gets into you. You have to be prepared for a real shift, and really make finding a new job your sole purpose in life. You really have to get back to basics and make sure you know what you want to do next, or you'll waste time figuring it out.

Now some people may disagree, but my experience taught me there is a stigma to redundancy out there still, whether voluntary or not. Prospective employers will always question why you were 'allowed' to leave a business.

That said, if you are sure it's what you want, then have a really hard think about how you can make it work for you. Don't be seduced by the money alone. It wont last forever and after all, even though this site is moneysavingexpert, there is more to life than money. If you can honestly say, you'd love to leave anyway if you could, but the money is simply to faciltate leaving, then it could be right for you.