Mat leaves end in two months. Have been put at risk of redundancy and will be made redundant in 6 weeks. There is one role that I am suited for but it is a pay grade lower than mine and is a mat cover position. I am told I have to interview for it and accept lower pay (by a good chunk) and sign a new contract. It will be a 12 months contract. I have been at the company for 6.5 years.
Will I maintain continuity of employment and be entitled to redundancy at the end of the new contract, assuming my colleague does come back to work?
Financially given the high costs of childcare where I live and the fact that I have two very young children, I would be better off taking the money and not working for the next 10 months and looking after my kids myself. But I have had two years off in the last 2.5 years, am going stir crazy and want to get my career back on track. I have already had one job offer pulled because of my young family (yep, they put it in writing!) so think I would rather look for a new job from a job. I have been looking for the last 6 months already. I have been picky cause time was on my side but now here we are.
Thoughts? Advice?