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Made Redundant What Now?

made redundant what now
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Made Redundant What Now?

When you are told you will be losing your job and being made redundant there are many emotions that hit you all at once. Shock, denial, worry and fear are some of the main emotions that come up. While you are working through the process of grieving a loss like a redundancy, it is important to know that you do have a future somewhere else and you will find another job.

Here are some quick tips that will help you refocus into the future.

1. Acceptance– Accept you are going to be emotional and know you are not alone. Losing your job can be a very stressful event in a person’s life particularly if you have been loyal to an organisation for a long period of time. This is a normal reaction to any career transition. Talk with close work colleagues, family, friends or a professional counsellor about the emotions you are feeling. While it can feel like a deck of cards has come crashing down around you, you can and will survive this obstacle that has been thrown your way.

2. Refuse to be a Victim– Make a decision not to be a victim and look for the silver lining in the situation. The way you think and react can affect your prospects for moving forward. Get the support to deal with the feelings that come with stages of career transition.

3. Financial Position– Before you make any decisions, understand where you are at with your current financial position. Draw up a new budget of financial commitments, variable and fixed and any income. Work out how long you can afford to be out of work.
Don’t spend all your redundancy pay. Depending on your financial position, being conservative with your spending is recommended. That severance pay will come in handy when planning what you do next.

4. Get Career Support– If the company is offering an outplacement career transition service, ensure you make good use of this service and learn everything you need to so that you are ready to move to another job. Don’t assume you know everything, put your pride and anger to one side and make sure you capitalise on the service. If they are not offering this service, seek out professional career transition help yourself. You make the decision who you want to see and what help you need to get you to move forward.

5. Transferable Skills– Make a list of your transferable skills. If you are contemplating a career change, transferable skills are key skills that can be marketed across many other industries. Start thinking about passions, interests you may have and start connecting them to growing industries.

6. Career Plan– Take time to reflect on what you want to do 5 years from now. It’s best to network now rather than in a few months’ time. If you are contemplating a career change, this takes more thought, planning and time.

7. Change Acceptance– Accept that change is inevitable for all of us- Redundancy will continue to happen to many people in all organisations around the world. Know that long-term you will experience growth and learning from the experience.

8. Exercise– Remember to exercise every day to release built up stress. Either walk, run, go to the gym, play tennis or whatever you enjoy doing. It is important to take care of your physical and mental health during this transition time.

9. Volunteer– While you are transitioning, get out of the house, volunteer or get involved in community events. Do things that make you feel good. These activities are great for ensuring you feel valued and work to expand your network.

When faced with redundancy, it is a reminder to us all, that institutions don’t owe us anything. Regardless of the industry you work in, workers need to view themselves as ‘Me’ incorporated. We are living in different times where job losses will be a natural and normal occurrence. We all need to learn how to survive being made redundant at some time in our lives. We also need to remember that it is never one sided. Despite the cost cutting and restructuring of our established corporations, there will always be opportunities for new jobs elsewhere and the rise of new industries. The question is, do you have the skills to spot them and are you prepared to capitalise on them as part of your career planning?