Do I Need To Re-Train After Being Made Redundant?
Re-training is one of the options following on from being made redundant. It isn’t always a necessity, however it has the potential to really boost your success. Being made redundant may give you the push that you needed to consider the career you have always wanted, and re-training can open a whole load of new doors for you.
What If I Have Years’ Worth Of Experience?
If you have been in a job for a long period of time, you may be required to re-train, even if you are applying for the same job elsewhere. When a company advertises a job role, candidates have to meet the stated requirements in order to continue in the process. If they are looking for specific qualifications, despite the 20 years of experience you may have, you will most likely be unsuccessful. Job roles develop over the years and by re-training, you may learn a lot of new and useful information! This also shows your willingness to continue to learn and develop your current skills, making you a very attractive candidate.
What Are The Options?
There are many training methods that you could consider; apprenticeships, internships, college/university courses, online courses and certificates. Whilst some do cost, a lot are free! The Open University is a great source of information for all different types of courses including ones that are free and short term.
Financing My Training
You may be thinking, ‘How can I afford to re-train when I’ve just lost my job?’ Well, there are many different ways to finance your training. There are loans (which you will have to pay back) grants or bursaries (which you do not have to pay back) or if you choose an apprenticeship, you actually get paid while you learn.
The Government offers Professional and Career Development Loans, allowing you to borrow anything from £300 to £10,000. These loans are specifically for those who want help with developing their career or are training to get back into employment. One of the perks of the loan is that you don’t have to start paying them back until after you have finished your course.
You must apply 3 months before the course starts, as the banks need time to prepare. For more information, go to the UK Government website.
It’s never too late to go back to college or university. With these types of courses, you could be eligible for student funding!
As stated previously, there are bursaries and grants available for training for specific areas of employment. For example, working in medicine, dentistry or healthcare may mean you are eligible for an NHS bursary. If you want to train for employment in social work, you may be able to get a bursary for this. And if you would like to work in teaching, you could get help with teacher training.
It is best to take some time to research all the options you have if you wish to apply for finance for training.