Employee benefits group launches redundancy support platform
3 November 2020
Employee benefits and wellbeing group Secondsight has launched a digital redundancy platform to help employers support their staff through the redundancy process.
Offered through its online portal, Mybenefitsatwork, the platform provides redundant staff members a step-by-step guide to facing emotional distress and concerns about finances through to guidance on improving their employability as they look to re-enter the job market.
The platform is broken down into nine different units, leveraging the expertise of four industry experts.
The CV & Interview Advisors will provide CV writing and interview coaching; accountancy firm Johnston Carmichael will offer debt management support; financial adviser Foster Denovo focuses on financial wellbeing, while Rightsteps will offer guidance on mental wellbeing.
Ian Bird, director of Business Development, Secondsight, said: “As coronavirus has left many companies facing an uncertain future, employers are having to take the difficult decision to make redundancies. With the furlough scheme coming to an end, the number of those decisions will unfortunately only increase. This is not a choice that companies make lightly, and many will want to support their staff as best they can through the process.
“We have worked with four fantastic organisations to provide businesses the opportunity to give their staff as much help as possible through the aftermath of redundancy, all the way to them re-entering the job market.”
Bird said it was important that in addition to practical advice around managing finances and job hunting, it also supported the emotional and mental wellbeing of employees facing job losses.
Jenn Stewart, director and head of the money advice solutions team, Johnston Carmichael, added: “We are delighted to be able to offer our insight to this important platform and help support businesses who have staff facing redundancies. Money can often be a huge source of stress and worry, especially where future income is uncertain; and unexpected events such as redundancy can cause personal debt to spiral out of control very quickly.
“Seeking financial help when you feel overwhelmed is so important and our team of experts work with people day in day out who are facing similar issues. When it comes to debt, a problem shared really is a problem halved, and as with anything, the earlier you act the greater your options.”
What are the top skills employers typically want to see from a paraplanner? Lewis Byford, co-founder of financial services...
With £355 billion of debt having been accumulated in the past year and a potential £204 billion or more to be...
Are you signed up to the Professional Paraplanner daily website alert? For more technical, tax, pensions, investment, retirement, protection...