British Computer Society - Surviving Redundancy / Early Retirement & Setting up Your Own IT Business
Stepacross CIC were commissioned to design and organise an event on behalf of the British Computer Society to reduce the impact of the economic downturn to IT Professionals & members of BCS. These two 90 minute seminars provided an introduction to what IT professionals need to know to help you survive redundancy & early retirement. Touching on:
- Job worries
- Redundancy rights
- Brushing up your CV
- State entitlements
- Your home
- Money worries
- Early retirement
- Useful contacts
And what’s needed to set up IT business in areas of Technical support, Computer repair, Web design, Graphic design, Network engineer, Systems administrator, or as an I.T. business consultant.
- Things to consider now if you think your job might be at risk. Your rights if your employer suggests short-time working, lay-offs or changes to your contract.
- Redundancy rights- Checking your redundancy is fair, your rights to redundancy pay and how much you should get. Other redundancy rights and what to do about any pension you have built up with your employer.
- Next steps- Brushing up your CV and applying for new jobs, updating your skills and learning new ones, thinking about starting your own business.
- Managing money- Making the most of your redundancy pay, reviewing your budget (including a budget template to fill in), insurance and benefits you might be able to claim, organising your household money.
- State entitlements- National Insurance credits to protect your entitlement to State Pension. Your entitlement to Jobseeker’s Allowance, other state benefits and tax credits, and how to claim.
- Your home- Schemes and benefits to help if you have difficulty paying your mortgage, what to do if you fall behind with your rent, tied accommodation and moving home because of work.
- Money worries- Keeping up with bills and loan repayments. Insurance, benefits and special tariffs that may help. What to do if debts become a problem and where to get advice.
- Early retirement-Things to consider if you are offered early retirement instead of redundancy, getting the best pension you can. What happens if you retire and then go back to work.
- Useful contacts- Where to find out more, useful online tools and websites, where to get help and advice.