Redundancy or new role?

[Careerdecisions]

I have a decision to make by Monday and I keep flip flopping so thought perhaps the Mumsnet collective could help.

I've been placed at risk of redundancy. My role will not exist in the future. This is not a bad thing, I was feeling quite fed up with it and had already started a side business that I love but has been slow to build. The redundancy money is worth six months salary.

There is a new role being created that I could apply for. It is a higher grade and would be worth around 10% increase on my current salary. It would allow me to continue to work with some of the lovely people I already work with but will be more focused on an area of the job that I am not as familiar with and would need to train in. I'm sure I could do it but it's not an area that particularly interests me and if I was applying to another organisation this is not the type of role I would apply for.

But, I know the organisation, the pay is good, the team are great and I think I could reduce my working hours to 4 days a week (and still be better off financially) to concentrate on building my business on the fifth day (which they would be fine with.) My business is not something that could sustain me as a main job so whilst I could build it I don't think it will ever replace my main job.

I could take the redundancy money and apply for more interesting jobs elsewhere but I'd be unlikely to get the same kind of remuneration. My husband has just started a new business which is doing well but means there is no financial security of a guaranteed monthly salary.

WWYD?
Go for the new job for the perks and grin and bear through the boredom whilst having more time for the business I love.

Or

Life is too short to work in a boring job, take the money and use the time to find something I would enjoy instead.

Depends how much you'd want the financial security. I was in a very similar position a couple of years ago and went for the boring job as it was taking me so long to get even to interview stage with other companies but YMMV. It's going well for me so far.

Apply for the job. If you get it, you don't need to stay in it forever but will leave with a better salary, experience in a more senior role and with new skills. If you want to make a go of your side hustle, it seems like the best solution. Otherwise you have to start from scratch in a new organisation whilst building your business.

Depends how much you'd want the financial security. I was in this position a couple of years ago and went for the boring job as it was taking me so long to get even to interview stage with other companies but YMMV.

I'd likely go for the job. The six months redundancy is nice but might take you that length of time to get another position. Presumably if you don't get the promotion you can still take redundancy?

I would go for the job. I have seen too many people run out of six months money and have no job at the end of it. And it's early days for you OH's business, so what it is doing now may not be sustainable. If offered the role I would go down to 4 days, grow your own business on the fifth, and if family fiannces allow later and your business grows you could further reduce your days or pack in the job.

is there a trial period for the new role? In my organisation if you are offered an alternative role as part of a redundancy consultation, you have 4 weeks grace after starting the role to change your mind and accept the redundancy.

that would buy a little extra time whilst you explored other opportunities perhaps?

Go for the new job for the perks and grin and bear through the boredom whilst having more time for the business I love.

Given what the economy is doing and likely to do over the next 18 months or so, this is the option I'd take.

Plus it's easier to find a job when you're in a job, so you could still look for a job you'd prefer whilst in post. You don't need to be unemployed to job hunt.

I would always take another internal role rather than accepting redundancy if that’s an option.

I took redundancy last year at a company i was in for 10 years. Fast forward a year and a half at a different company and my role is at risk again, just as a i start mat leave.

Taking the new role doesn’t rule out future possibilities of the redundancy pay later.