Even if you don't like your job, there's nothing worse than receiving a notice of termination. Not only will this impact your finances, but it can also take a toll on your personal and professional lives.
Here are some key steps to take if your employment contract is terminated:
- Review your contract: When doing so, make note of the process your employer must follow to terminate the contract. For example, it may state that they have to give you two weeks' notice.
- Don't retaliate: If you're upset with the way you were terminated, retaliation may come to mind. Don't do this, as it can harm your ability to receive the compensation that's owed to you.
- Don't sign anything: For example, your employer may present you with a severance agreement, asking you to sign it on the spot. Take the time to review every document in great detail, as you don't want to sign something that will limit your legal rights.
- Determine if you were wrongfully terminated: Maybe you believe your employer fired you as a result of your age, race or religion. Or maybe you were terminated in violation of the terms and conditions outlined in your contract and employee handbook.
Don't waste any time if your employment contract is terminated. Take the steps above, all while collecting and keeping all applicable documentation.
If you come to the conclusion that you were wrongfully terminated, discuss your stance with your company. If you're not happy with the result of this conversation, it's time to learn more about your legal rights and the steps you can take to protect them.