Dealing with Unemployment in Australia
Unemployment is a major problem that is affecting thousands of people across the country. While the economy is starting to see signs of recovery, this growth has yet to have a significant effect on the unemployment numbers in Australia. If you are currently unemployed, you already understand how difficult it can be to lose your main source of income, and how hard it can be to find a new job that is comparable to your former one. There are, however, effective ways you can deal with unemployment, until you are able to find another job. Below is a look at some things you should do to help you recovery and get back on your feet again.
Get the Necessary Information from Your Employer
If your employer has told you that you are going to lose your job, there are a few things you should take care of before your last day. First, you want to talk to your employer about both your insurance coverage and your superannuation account and what happens to these accounts upon your termination. You should also request any information about any redundancy or years of service pay you can expect to receive. This will help you understand what resources you have available to you. Finally, ask your supervisor for a letter of recommendation that you can attach to your resume or hand out at an interview. This may be just the incentive another employer needs to hire you.
Contact Centrelink Immediately
You also want to contact Centrelink and apply for Newstart Allowance benefits within at least one or two days from your last day of work. Many times, there is a seven-day waiting period before benefits will begin, but you still want to make sure you apply early. This will help to ensure that your benefit payments will start as soon as possible. The Centrelink office can also help you determine if you are eligible for other types of benefits, such as Parenting Payments or Rent Assistance.
Reduce Your Spending
You also need to reduce your spending from the first day you learn that you are going to lose your job. The last thing you want to do is spend all of the money you receive from your employer, such as redundancy pay, right away. This money will need to last until you are able to find a new job and this may take longer than you anticipate.
Start an Active Job Search
It may seem like a good idea to take some time off work before you start looking for a new job. However, in by doing so, you may risk missing a chance at a good job opportunity. Remember, that some of your former co-workers may also be looking for work in your area. It is important that you start applying for jobs right away. After all, it will probably take a little while to work through the hiring process, so you will still be getting some days off. Update your resume right away and start your job search as soon as possible.
Improve Your Employability
With the unemployment rates coming in at around 6 percent, finding a job is not as easy as it used to be, so you must use all the resources you have. Do not be afraid to contact people you know who may be able to find you a job in your field. A recommendation from someone within a company may help you get the job. You also may want to consider taking some extra classes or training to update your skills. This will look impressive on a resume and improve your chances of getting a job.
Finally, do not be afraid to ask for help if you become too overwhelmed. There are many resources available to help you through this time. If you are falling behind on your bills, contact the companies you owe money to and explain your situation. Many times, these companies are willing to work with you during this time. This can make dealing with unemployment more manageable.
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