Should I take voluntary redundancy?
A redundancy package can create useful freedom, but it can also turn a comfortable job into a financial deadline. Compare both sides before accepting.
Check the numbers
Work out how long the payout could cover essential costs, what happens to benefits and pension contributions, and how much time you might realistically need to find your next role.
Check the alternatives
- Stay and see what happens to the wider business.
- Negotiate the package or timing.
- Start a job search before making a decision if permitted.
- Use the payout to fund a planned career change.
Do not confuse a payout with a plan
The strongest decision is the one that still works if your next job takes longer to arrive than expected.
Work through my decision