If you’ve been laid off, here's what you need to do right away to protect your finances and reputation.
Chances are that if your employer has a legal team that reviewed it, what you’re offered is what you’re going to get, but there can be room to negotiate. And, if you weren’t offered anything at all, and feel you should have been, definitely seek legal counsel.
In some circumstances you may have been inappropriately targeted for a layoff due to your age, gender, origin or more. If you suspect wrongdoing has taken place, seek legal counsel and you can use the labour standards, labour rights orGet the scoop on what happens to your pension and savings accounts through work
Do you have to transfer this money out? How fast do you need to take action? Are there penalties for transferring the money? I highly recommend working with your financial planner, money coach or adviser to carefully review what needs to be done with your work savings.The immediate smart money move you’ll want to make is to waste nothing. Every dollar counts towards keeping you and your family afloat during this lean time. Trim back. Cut out. Essentials only.
Losing your job is personally and financially stressful. So, try your best to take care of yourself with rest, exercise and healthy eating. It will make a big difference in helping you succeed with this next career chapter.
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