Author Topic: Voluntary Redundancy - Do I or Don't I?  (Read 2041 times)

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Offline swinks

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Re: Voluntary Redundancy - Do I or Don't I?
« on: January 11, 2014, 09:48:31 PM »
a opinion from a person who was given a forced redundancy and still unemployed after 6 months is

- make sure you do some home work fast if you haven't done much
- chat to the proposed clients and see if they would merge to someone that knows their stuff but some potential clients might not like change or are mates with certain people????
- what ever payout you get will last a determined set amount of weeks stated on the payout slip - so don't spend up big too quickly as if you spend the money prior to the determined week period you will get nothing from the Government until the set period is over - I give myself and my wife $10 spending a week as we are getting slim on the budget as we are trying to minimise out desperate period. We know that we can not survive on the Government payment of $450 a fortnight for a family of 2 adults and 2 kids and we will start to go backwards fast in the very near future. Yes I recently got a 3D printer and trying to create a income but I sold a pin to get it and I have only just paid the printer off which is good but nothing major to enjoy ourselves.
- do you need any licences and liability insurances as when under the banner of Government you don't need everything but when you go out on your own you may need certain licences (determined by education etc) or proof that you have done something for a certain period to get that licence and liability insurance could eat into those funds as well.
- I worked in a place of 200 people and had it's share of crap and politics and I thought if they gave out voluntary redundancies I would go for it, but the mining tax changed Newcastle and all the industries etc and now I would prefer the politics verses unemployment.

If you are confident you can get the work go for it, but just make sure you have a solid plan and proposes to give to those clients very soon and don't spend the money too quickly because if it doesn't go to plan things could get a little tight and desperate. Sorry not trying to be negative just experiencing the other side of things where I am not experiencing alot of luck coming my way. So have a solid business plan and a roughed out backup plan

Good luck with it
« Last Edit: January 11, 2014, 09:54:04 PM by swinks »
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