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Employer issuing a letter of retrenchment to a female employee in front of her colleagues.

No one expects to be retrenched, which is why most people don’t understand how
the process works. Retrenchment does not discriminate – many people lose jobs every year, whether in their first ever job or their final role before retirement. It is essential to understand what to expect from retrenchment and what steps to undertake to survive and thrive.

What is Retrenchment?

Retrenchment is a form of dismissal due to no fault of the employee and is a
process in which the employer reviews its business needs to increase profits or limit losses, unfortunately resulting in reducing its human workforce.

The prospect of being unemployed and unable to maintain your standard of living can be stressful, which is why seeking guidance from professionals will better help you manage your retrenchment.

How to Manage Retrenchment

We offer comprehensive retrenchment support in the form of one-on-one training sessions tailored to your specific situation as well as online webinar retrenchment courses.

During the retrenchment process, you will need to understand how to set a survival budget and minimise tax.

Our Retrenchment Training Course

You will also risk losing cover, like group life and disability benefits you had through your employer, and this can leave you in a precarious position.

Our training will ensure that you are covered when it comes to 

  1. Retrenchment psychology and
  2. Minimising severance tax and minimising Pension and Provident fund withdrawal tax. Meaning you will have more money in your pocket to support your family.

The course covers the following:

Part one:  The Psychology of Retrenchment

The course looks at practical solutions to equip you with identifying personal strengths, interests, values, and experiences to understand better what’s in your arsenal to tackle the retrenchment with a growth mindset.

Your retrenchment isn’t the end of the road for you – it’s a new beginning. Our training will take these new personal revelations and apply them to a new world of work – using your toolkit to unlock opportunities and create an action plan bound to see you survive and thrive past your retrenchment.

Part two: An understanding of tax on retrenchment

This area of the course aims to educate and guide you on aspects related to your financial management. From UIF and retrenchment insurance on accounts to medical aid and gap cover, we unpack the various questions you need to ask to secure your financial future We will also show you how to minimise your withdrawal tax if you decide to withdraw part of your pension or provident benefit and advise you on how to preserve your pension or provident fund benefit without paying tax and saving on fees.

Don’t hesitate to get in touch with our expert financial advisors to tackle your retrenchment with confidence.

We offer one on one consultations as well as webinars in today’s remote-working climate.

On-line webinars
From R395.00 per delegate

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What our clients have to say...
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Very informative. We must do a refresher twice a year

Precious Ngubeni
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Well presented, very informative

Simon Phalane / Primedia Outdoor
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Very insightful course . Very impressive

Olivia Veryn
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Course was an eye opener

Sonia
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I absolutely loved the presentation

Ravi Naicker
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Very happy. I needed this information right now

Brenda Zondo
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Informative I will make better financial decisions in future

Alvina Anamalay / FNB Homeloans
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Workshop was very helpful

Zanw
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Learnt a lot about budgeting. I commit to not overspend

Joyce Diphoko
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Interesting and enlightening course. Felt like it was tailor-made for me

Henri

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