Voluntary redundancy

[Carlie97]

The option for voluntary redundancy has come up at my workplace. I've been there for five years and my payout would equate to around two months salary. The thing is, I don't think it will be that easy to get a job that pays as well. I'm very fed up with my job and the ever increasing expectations. I'm poorly from stress almost constantly, but if I did apply for VR and didn't get another job that's paid above £30,000, I'd be in the shit massively. Is it worth taking the risk?

In this current market i would say no.

Two months isn't really a generous voluntary redundancy payment. I wouldn't take it - stay and start looking for other jobs.

Are you sure its just two months? isn't redundancy pay tax free and doesnt it usually include PIL.

Two months isn't worth it imo. Just start looking elsewhere now, with the security of having a job already.

I would jump at voluntary redundancy now but i'm 20 years in and my net payout would be over two years of my net salary/bonus. For anything less than a year I wouldn't consider it.

Thanks everyone. I think I'm going to stay and look for something else. I'd lose the redundancy payout but I don't want to be in financial difficulty, especially as I'm paying back three or four loans.