5 tips to help you deal with redundancy
Panic and anxiety are normal emotions to experience upon learning that you are about to be made redundant.
You may find yourself overcome by feelings of disillusionment, fear, resentment and confusion. Your job took up the majority of your daily life and now suddenly you discover that it’s about to be taken from you. The most pressing concern of course is the loss of your regular income; this is perhaps the biggest challenge to deal with.
However, it is important that you try to view redundancy as merely the end of one journey and the beginning of another. This is your opportunity to begin to consider new possibilities, start-over and perhaps change the entire trajectory of your career.
Start slow: The first few days and weeks after being made redundant will no doubt feel like a blur, it’s important to allow yourself some time and space to work through the feelings of loss and dejection. Avoid making quick decisions until you have found some perspective and are thinking rationally.
Develop a plan: When you’re ready, make a comprehensive assessment of your current financial situation and determine how you are going to manage in the short and medium term. It is important that you address this issue early on as it will be one less obstacle to deal with once you finally begin your job search. However, if your employer provides you with sufficient notice during your redundancy period, you may have some time to put a plan of action together prior to exiting the company.
Begin your job search: You are now ready to begin searching for new employment opportunities; you should carefully explore the possibility of pursing alternative career paths if you are so inclined. Perhaps there is an entirely different occupation you have always wanted to work at; this downtime is enormously useful because it will give you time for self-discovery and contemplation. Pursuing your dream career may require you to upskill and re-educate yourself. If you wish to continue on with the current direction of your career, ensure your CV is updated and tailored specifically to each role you apply for.
Consult your Network: This is an ideal period for you to reach out to friends, family members, former colleagues or bosses and anyone else in your network who you think might be of assistance. Someone in your social circle may be aware of a suitable job for you; at the very least they will be able to provide you with support and guidance. Grow your network further by attending industry conferences, job fairs, and workshops.
Stay positive: Maintaining your motivation is vital to a successful job search; however, remaining positive can be a challenge. It’s easy to become mired in pessimism after being on the receiving end of several rejection emails for an extended period of time. This is the reason I recommend that you start off slow, don’t set yourself overly ambitious goals, and instead create achievable and realistic targets each week. Concentrate on learning from the mistakes you make by improving your job search strategy. For example, if you think your interview technique requires some work or your CV needs improvement, you may consider seeking professional career advice from a consultant.