The economic downturn has seen my business hit with a number of redundancies. Should the axe fall on me what are my next steps?
Sometimes being made redundant can feel like a personal and professional attack, but particularly in the current economic climate it is more likely to be about numbers. The first thing is not to take redundancy personally. If cuts have to be made in the current climate, they are unlikely to be a reflection of your abilities or potential but more on the needs of the business.
If you feel there is a risk to you preparation is the key when beginning the search for a new job. Firstly, take stock of what you know and who you know. Begin by sharpening your CV. To maximise your appeal to a wide range of employers, ensure it is up-to-date and written in such a way as to highlight your transferable skills. Also, make an effort to attend more networking events – you never know who may be able to help.
Don’t burn your bridges. Having people to turn to is a critical element of your job hunt. So, don’t do anything in the heat of the moment that may alienate colleagues. They may, for example, hear of opportunities, which if you’ve soured your relationship with them might mean they are less inclined to send your way.
You should also find out whether your employer offers an outplacement service as part of the redundancy package. It can include help about interview techniques or even be a job search scheme. In other words, don’t be too proud to accept help. Redundancy does hurt, but whether it’s your employer, friends or family, it is a good idea to talk to other people. Our research shows that there is little in the way of stigma attached to redundancy nowadays, so don’t be afraid to explain what’s happened. Often, it encourages more people to help than if you were simply keen to change jobs in a better environment.
Voluntary work may also be a consideration. It provides structure and focus that can help to maintain your self-esteem. It also shows potential employers that you are determined to make the most of any given situation. Try to find work that allows you some flexibility so that you can still attend interviews, but be aware that voluntary organisations will often expect you to commit a certain number of days or hours each week.
Above all, don't rush your next decision. Financial and social pressure can make any position that offers a half-decent salary and an early start date look like a tempting offer. However, it is much more important to find the right job.
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