HOW TO RECOVER FROM REDUNDANCY

 

PEXELS -Andrea Piacquadio

With all of its connotations of uncertainty and worry, redundancy is a term that many employees fear. However, redundancy does not have to be all bad news. It might be a stepping stone to a fantastic new opportunity. Redundancy might be one of the most stressful experiences in your professional life. You may feel pressured, apprehensive, and insecure as a result of professional and personal uncertainties.

But this does not have to be the case. For many, redundancy is an opportunity to clear the slate and start over, presenting new and exciting options you may not have considered earlier. Follow our suggestions on what to do if you are let go from your current job.

TAKE NOTHING PERSONALLY

Redundancies are a business choice, therefore keep in mind that it is not your fault. In difficult economic circumstances, corporate restructuring can be an efficient strategy to save expenses, but it will undoubtedly result in layoffs, particularly at higher levels.

The company's choice to fire you has nothing to do with your abilities or contributions to the position. It's a business choice, and knowing it can help you go forward more successfully.

MAKE A PLAN

Begin organizing yourself as soon as you realize you're about to be laid off. Communicate with your line boss and ask for written references to give to possible future employment.

You should also organize your pay stubs and other work data. Try to obtain as much of the required documents as possible before leaving, as it might be considerably more difficult to obtain after you've left the organization.

ALLOW YOURSELF SOME TIME

Remember to be cool when dealing with redundancy. Panicking may cause you to make the incorrect option for yourself and your job.

It's tempting to look for a new job right away. However, in many circumstances, the time and money that a settlement pay-out might provide provides a chance to think about what is the best next move for you and your career.

LOOK FOR THE GOOD

When contemplating fresh possibilities, redundancy gives a blank slate. If you've been thinking about changing careers or going to school full-time, the time and money provided by a redundancy opens up a world of possibilities.

Instead of obsessing on the worry and anxiety that getting laid off always brings, seek for the positives and methods to capitalize on the new circumstances.

KEEP IN TOUCH

Many people fear that being laid off will cut them off from their coworkers, friends, and larger industry networks. However, this consequence is avoidable.

There are several opportunities to network with people in your business, including possible employers. Employers may bring you in contact with professional networks during redundancy, but you should use your personal, social media, and professional networks to stay connected.

UPDATE YOUR CURRICULUM VITAE

Update your CV and social media pages, emphasizing all important abilities and expertise.

Many persons who have been in the same senior position for a long time are unlikely to have updated their CV, despite the fact that their most recent experience and skills may be the most useful. Don't be evasive either: it's always best to be honest with recruiting supervisors about your circumstances.

CONTACT A RECRUITER

Re-entering the labor market may be difficult, especially when coping with the uncertainty that comes with redundancy. Communicating with a recruiter may greatly simplify the process.

A recruiter will not only provide you useful advise on your CV and interview style, but they will also supply you with market information and introductions. Recruiters have access to positions that aren't posted, such as market-sensitive positions. These positions, which may be a good fit for you, would be unavailable without the assistance of a recruiter.

MAINTAIN AN OPEN MIND AND A POSITIVE ATTITUDE IN YOUR APPROACH.

Remember that you may not be offered your dream job right immediately, so be flexible in your expectations.

On the other hand, the search may present you to opportunities you hadn't considered before, so be prepared to be open-minded and evaluate each role on its own merits.

Approach interviews with a cheerful attitude. Instead of focusing on the redundancy and your previous employer, concentrate on what you can add to the work.