Redundancies are one of the crosses more and more families are having to bear since we began our descent into economic uncertainty three years ago.
We know the man down the road who would get up every morning, shoes polished and suit ironed purposefully walking off to the park or the local cafe, trying to hide the shame of redundancy from wives, children and neighbours. It doesn't have to be like this.
According to a report undertaken by de Poel on the Labour Market Outlook in the first quarter of this year:
- 38% of employers intend to make redundancies, breaking down as 52% of public sector and 30% of private sector companies intending to make the chop.
- 36% of NHS employers could be writing out redundancy cheques by the end of the year.
- The plans for redundancy are highest in the Midlands, and 61% of all redundancies will be compulsory.
- The average redundancy pay is just over £13,000, with public sector employees pulling up to £30,000, and private sector leaving with a more modest £7,800.
However, as a result of the coalition government's cut in corporation tax rates some industries are set to grow.The financial, insurance and real estate areas are set to benefit the most from the tax cuts, but wholesale and retail industries will also feel the boost.
Franchising after a redundancy Redundancy is not the end, it can be the beginning. Of a new career, a new burst of life, or even a new family empire.If you don't want to rely on benefits or endless job searches after being made redundant, consider becoming a franchisee.
If you're facing the concrete-like reality of redundancy, consider the personal assets you'll be walking out with. Experience and skills put to practical use in the workplace.You have a few options, if you liked your old job, why not use the skills you've honed in your time there to start a new venture? (Obviously not exactly the same, if you were made redundant there was obviously an issue with the business model), but how about a tested and tried franchise business?
Redundancy also offers you the opportunity to carve your name into the history books, with your own dream job as your own boss. If the thoughts of running your own magazine, or opening a creche get your heart beating with excitement, you can invest your redundancy package into making your dream a bright reality.
Franchises offer a proven business model, training and support. The huge choice of franchises opportunities can be daunting, but try and asses what you want.