Spending your days in fear of losing your job or suffering financially can be very challenging. Struggling to sleep at night and finding your thoughts consumed by this worry can be very distracting, making life feel miserable. A lot of people feel this way, unfortunately, but they don’t have to. Instead, with just a little bit of work, you can solve the issues surrounding your work.
To help you out, this post will be going through three of the biggest changes which can happen at work, and how you can prepare for them
Businesses will often change to meet new requirements and needs. In some cases, this can involve closing down entire buildings, leaving the people who work inside without a job. Of course, individuals or groups can be made redundant, and the business doesn’t have to be shrinking to do it. The job just doesn’t exist anymore. Usually, you will be given a lump sum of cash as you leave, but this will depend on your time with the company.
Using the cash you receive as you leave, you can add to your savings. It’s advised that you keep at least three months of savings, for exactly this sort of issue. Being made redundant doesn’t hurt your resume like being fired does. Fortunately, it can be easy to get back on your feet and into work, if you’re able to work hard and be dedicated. Start looking for new jobs right away, and be as conservative with money as possible
In most countries, there are laws which prevent a business from simply getting rid of you. Instead, they have to give you several warnings, unless you do something incredibly dangerous or violent. Being dismissed can be very hard, though. This sort of action isn’t taken lightly, and it will be hard to explain to future employers. Most employers will give you at least three verbal or written warnings before they decide to fire you.
It’s usually quite easy to avoid dismissal in a job. With the warning you get, if the issues you have can’t be solved, you can leave the job on your own terms, making it easier to explain to future employers. A lot of the time, though, you will be able to make a change for the better, keeping your current role. With three months of savings, you should have enough time to find a new role if you do get dropped. Just make sure to be very choice in the way that you describe how you left the old business.
People don’t always leave the job permanently when they are gone for a long time. Instead, injuries and illness can often be responsible for keeping people out of work for a very long time. Employers can’t fire you for this time off, but they might not pay you for all of it. The way you solve this issue will depend on how it was caused, more than anything else.
When you get injured, you have to consider the medical fees and loss of income you might have to deal with. If the injury wasn’t your fault, you shouldn’t have to pay this money, but you’ll need some help from a lawyer. Of course, though, the quality of your work injury attorney makes all the difference in court. You will have to do some research to find the best option in your area. Along with this, having health insurance can help to cover the costs of injuries if they weren’t someone else’s fault.
In the U.S. alone, 4.3% of adult citizens are unemployed. Considering the population of the country, this is a staggering amount of people. Along with this, according to CNBC, at least eight in ten Americans are in some sort of debt. Money can be a difficult thing to manage, and most people struggle with it. But, this isn’t a reason to give up. It doesn’t take much effort to change the way you live for the better. By keeping savings and researching different types of insurance, you can build a very secure financial future for yourself. In this case, it can be very good to spend money to save it in the future.
Hopefully, this post will give you the inspiration you need to get out and start finding ways to prevent issues at work. Most of the time, it will be easy to see when something like this is on the horizon. But, sometimes, you might be taken by surprise. The way that you handle the problem will define its impact, though.
This post has been contributed by Ryan Gatt, it may contain affiliate links.