The First 5 Things You Should Do When Your Role Is Made Redundant
Tuesday, September 2nd, 2014
When your role is made redundant it is a life-changing event. Knowing your income is no longer secure, can throw your life into turmoil, and many people find it very difficult to cope with news of this nature. In the event that your employer makes your role redundant, it is critical that you immediately throw yourself into a recovery plan, and take the necessary steps to resolve the problem. This article highlights the first five things you should do when your boss has to lay you off.
Get rid of your negativity
It’s perfectly understandable that you feel negative about redundancy, but that isn’t going to help you recover. Remember it is not you that has been made redundant, it is the role and there is no shame in the situation. Talk to your friends and family, and get all your bad feelings out of your system. The most important thing is that you focus on what you need to do next, so you need to come to terms with the situation quickly. It’s crucial when you start to attending job interviews that you demonstrate to recruiters that you are resilient. So it’s time to pick up the pieces and focus on the future.
Make an immediate financial plan
Your income is critical to your way of life, so you need to start planning what you need to do to manage your finances. An immediate review of your bills may help you cut costs, and help you plan for times when you may not have work. Review your savings and investments, and work out how much money you have, and how long it needs to last. You should also go over your plans with your partner because this may place temporary pressure on one income. Talk to an accountant for more complicated tax or investment advice.
Write your resume
The quest for a new role starts as soon as you know your current job is going to end. It doesn’t matter whether you have one week or one month’s notice. Your resume is critical in your ability to find new work. If it is a long time since you prepared a resume, you should consider seeking help. Your current employer may offer outplacement support of this nature, but failing that, talk to friends, family and colleagues, or consider paying a professional resume writer to assist you. Remember that a lot of other people may need to find work as well, so you could have competition.
Start to develop your career plan
For some people, redundancy opens up new opportunities. You may decide to train in an entirely new role. You may decide that this is the chance you have been looking for to set up your own business. Planning for the future can help you keep any negative feelings at bay. Start pulling together your career plan straight away, even if it is just a brainstorm of ideas, and you will come to terms with the situation much more quickly.
Talk to your network
Your immediate network may offer opportunities that you had never considered before. Make sure that your friends and family know that you are now looking for work, and talk to them about what you can or would like to do. Business networking is not just something that senior executives do. People that you interact with every day form part of your network. You may know account managers from other companies. Your current colleagues may know about opportunities in other local businesses. Talk to these people, and focus on what you can do next, and you are more likely to find a new role quickly.
When an employer makes your role redundant, it can feel as though your world just ended. It’s easy to take your income for granted, and when somebody takes it away from you, it’s perfectly normal to feel vulnerable. The best thing you can do is focus on all the constructive actions that you can take to get your career back on track. The future starts now.
Do you feel overwhelmed with the prospective of looking for a new role or undertaking a career change? Contact the Career Consultants at Resumes for Results to find out more about our professional resume writing services, career coaching and job search advice.
If you would like to know more about the writer, Jeanette Hannan [click here].