While some of us take time off work for the purposes of pleasure and relaxation (think of annual leave to head away on vacation), there are situations where we are given little choice in the matter. Lost earnings during this period can significantly boost our stress levels, as we struggle to meet our financial commitments and agreements without a steady income. But not to worry. There are steps that you can take in order to put money worries behind you and reduce stress when you have to take time off work. Here are a few different situations that can land you in this situation and how to best deal with them.
Illness or Injury
Taking time off in order to recover from illness or injury can be frustrating. Your income is significantly reduced and you may find yourself in financial difficulty as a result. But always listen to your doctor’s advice and remain off work until you are fully fit for purpose. If you experience injury or illness in the first place due to another’s malpractice or negligence, make sure to seek help online here. You could be entitled to compensation, which will help to cover medical costs and lost earnings until you are ready to return!
If you are planning on having a child, it is generally best to come up with a plan of action first. You might want to gather savings, so you’re not living on a budget when you take maternity leave. However, things like pregnancy can sometimes take you by surprise, and if you don’t have savings, finding that you have to take time off work to birth and raise your little one can be a little daunting.
After all, what money will you have coming in? Remember that while it isn’t necessarily a legal requirement, many employers will provide maternity pay for at least a portion of your maternity leave. Check your contract to see what you are entitled to. Legally, your employer does have to hold your position for up to twelve weeks while you take time off, so you will have a job to return to once your little one is old enough.
Redundancy can take us by surprise. Unfortunately, if your employer has found that your position is no longer profitable, they can let you go. The good news is that you do have rights. Your employer needs to prove to you that your position is no longer profitable, and they need to supply you with some sort of redundancy package, which should provide you with enough money to tide yourself over until you find a new position that will be able to support you in the future.
Reduce the Stress
These are just a few different situations that can mean you find yourself unable to work. But try not to let the stress get to you. Remember your rights and exert them. This will give you the best chances of tiding yourself over financially until you are fit and ready to resume work again!