The definition of redundancy, as is relevant to your particular case, is a reduced...read more
The UK’s Consumer Financial Education Body (CFEB) has created straightforward, impartial money information, education and guidance for everyone – from school children and students, to parents and employees facing redundancy. Here it outlines what the information covers.
Money matters are a big concern for so many working mums right now and they can have a huge impact on family life.
That is why the UK’s Consumer Financial Education Body (CFEB) has created straightforward, impartial money information, education and guidance for everyone – from school children and students, to parents and employees facing redundancy.
CFEB is an independent body, established by UK’s financial services regulator, the Financial Services Authority. They are responsible for helping all UK consumers understand financial matters and manage their finances better.
On workingmums.co.uk we have featured CFEB’s Parent’s guide to money before: a handy guide given to all expectant parents by their midwife. However, CFEB also offers many other useful tools, including the Moneymadeclear online calculators and comparison tables, telephone, online and face-to-face money guidance sessions, Making the Most of Your Money redundancy seminars in the workplace and redundancy and retirement handbooks.
Redundancy is a hot topic for regular workingmums.co.uk readers at the moment so CFEB have told us some more about their helpful guide.
Dealing with redundancy
It sounds obvious to say that personal finances are extremely important when you’re facing redundancy, but if you can take control at the outset, you are more likely to avoid difficulties further down the line.
A few useful tips from CFEB if you’re facing or have been made redundant:
Support from your employer –
While you are working your redundancy notice, you are entitled to reasonable time off to look for a new job, provided you have worked continuously for your employer for two years or more. As long as the amount of time you take off is reasonable, you should be paid for most or all of this time.
CV tips –
• Start with a short ‘personal profile’ tailored to the particular job. Highlight the skills and experience that make you the perfect fit for this job.
• Keep your CV to two sides of A4 if you can.
Finding a new job –
If you are getting state benefits and have to travel a long way to an interview, you may be entitled to help with travel and overnight expenses. Ask you local Jobcentre Plus for details. If you have been unemployed and claiming benefits for 26 weeks or more, your local Jobcentre Plus may be able to set up work trials for you. This scheme enables you to try out a job to see if it’s right for you. Any state benefits you receive continue throughout the trial. At the end of your trial, which can be up to 30 working days, you may be offered the job. If not, your benefits are not affected.
For more useful tips, ideas and contact details to help, visit: http://www.
Are you an employer? Interested in the redundancy handbook or seminar?
CFEB is an independent body, so their handbook and the information given at their seminars is completely impartial – they’re not selling anything. It is a worthwhile programme that comes at no cost to you or your employee.
Specially trained CFEB presenters hand out copies of their Redundancy Handbook during their free redundancy seminars delivered in workplaces, and this offers some practical help at a time when you really need it. Employers can also contact CFEB for free copies of the handbook for their staff without opting for the seminars.
The handbook and hour-long seminars cover:
Following a series of redundancy seminars with a major UK employer, feedback was extremely positive:
And in their own words:
‘this has been so helpful when I am not sure where to turn next’
‘Didn’t really feel it would benefit me but I am so glad I went because it was excellent’
‘What an eye opener! So glad I was made to come by my employer – very grateful’
For more information on the handbook or the seminar, please contact workplace.team@moneymadeclear.