Aug 18 2016
It should come as no surprise that your job can and will affect your financial situation. The two go hand in hand with one feeding into the other. If you don’t have a job, your finances are going to take a hit. However, there are certain financial issues caused by careers that people simply do not see coming. Due to this, they never have time to deal with them effectively. These are the issues you need to watch out for and how to stop them putting you in a crippling financial situation.
Long Periods Of Unemployment
Leaving university this year, you may remember two words above all else. One year. That’s how long professors now believe it will take students to find a job in a permanent position. A job that is within their chosen industry that they studied for. Sure, there’ll be outliers and someone’s got to get the worm early. But for many, that one year will be the norm, and that’s a problem. However, when you’re young, it doesn’t matter too much. You can take other jobs until you find a career that you enjoy. You don’t need to settle into a permanent position just yet. It’s when you’re older that a long period of unemployment can become an issue. You see, a long period of unemployment is like a house that hasn’t sold. It looks terrible because it seems that no one is interested. This is exactly what happens to you after a long time of being unemployed. Employers start to assume you have nothing to offer. To avoid this scenario, you need to keep training and keep learning new skills. This will make you highly employable even if you are made redundant.
Granted not quite as serious as redundancy, but this will have an effect on your finances. It’s always disheartening when you realize that you haven’t been paid for your work. Usually, this is because your overtime hasn’t been accounted for. Interestingly, there’s a confrontation in Hollywood about this right now. Workers on the film Sausage Party are complaining many were not paid for the work, nor did they receive accreditation. It’s unclear whether these claims are true but both sides are currently throwing punches. If you’re in Hollywood, this story will attract media attention. Due to this, any wrongdoing will most likely be resolved without legal action. In a typical work industry, there’s no such luck. Instead, you’ll need to contact an employment lawyer for unpaid wages. They should help you get what you are owed and keep your finances in the green.
In the UK, the government is doing it’s best to get AI lawsuits abolished completely. AI law has become a huge multimillion dollar industry with lawyers profiting every day. Unfortunately, these lawsuits tend to put immense financial pressure on companies. What about the workers, though? Without these lawsuits, an employer may not feel obligated to pay if an employee. Even if they are left unable to work. There are thousands of people off work right now and not receiving any compensation. Again to right this wrong you need to contact a lawyer. Only they can help you get justice and ensure you are paid when you are unable to work.