Tips to cope with retrenchment
SEEK advice from an appropriate specialist in the field.
Ensure that your medical aid does not lapse and try to continue with the minimum basic cover available until you can upgrade your medical aid again.
Curb your spending and do not incur any further debt. Approach your creditors and explain to them your financial situation.
Keep your CV up to date and your savings plan on schedule.
Begin applying and try to find alternative employment. Your employer is obliged to assist you in finding alternative employment and is required to give you time off to attend interviews and leave your employment early should you find alternative employment.
Suggest to your employer that part of your severance package includes the payment of a re-skilling or up-skilling course.
Maintain a cordial relationship with your employer, as your employer is required to consider you for suitable employment should employment arise in the future.
If you become depressed, seek professional help.
If your financial debts become overwhelming, seek help with a debt counsellor.
Always maintain a positive outlook and remember that retrenchment is not your fault.