Redundancy is an opportunity


Redundancy is an opportunity

Globalisation
Businesses are managing massive change as the world embraces the unparalleled power of the internet and globalisation. Your redundancy is likely an inevitable result of the upheaval of tens of thousands who find their lives turned upside down so there is no need to feel penalised or singled out. You can harness your own opportunities using the web. Grab the opportunity with both hands and look up not down.

It is not your fault
Whether expected or a bolt from the blue, redundancy is the job, not you. It is vital you understand the difference between the two since loss of confidence is what you need to keep at bay for now. Let’s not pretend the psychological effects are unimportant: loss of income and status can have devastating consequences.

The first hurdle
Conversely, a brand new CV and a reappraisal of your online Linkedin profile will present the new you to hundreds of potential employers and HR teams scouring the internet for talent and skills like yours –as well as lift your spirits! Scour the internet and make plenty of notes as you approach multiple businesses and get things moving forward.

Use professional resources
Professional CV writers are a valuable resource that should be seriously considered. Importantly, as part of the package you will be provided with a relevant cover letter. A professional CV writer will not only present you in the best possible light to an increasingly risk averse world; they will ensure your resume or CV passes the proliferation of ‘dos & don’ts’ expected by modern, sophisticated HR, recruitment and head hunting teams.

Reassess
Use the opportunity to reassess transferable skills, redefine yourself and change your direction and location, if that has been a recent point of discussion. Make full use of any assistance offered as part of your redundancy package and stay in contact with your colleagues. Use your existing and newly developed social media skills to build new friendships with others in your chosen industry.

CEOs are in the same boat
Even the truly ambitious may be daunted by the insecurity redundancy can create so engage in any networking events or webinars whenever an opportunity arises. General redundancy advice is available at: www.acas.org.uk/redundancy. When an employee is made redundant, they may be eligible for certain rights such as time off to look for work during their notice period and levels of redundancy pay are explained.

Establish a routine
Manage your time looking for your new career just as you manage your time in work. Establish a pattern throughout the day and register with agencies and job boards. Don’t forget to keep detailed notes and to check back with what you have already done. An opportunity can appear within hours and everything needs to be responded to immediately.

Keep at it
Whether you are working out a notice period or setting up a short term office at home it is easy to become despondent so, keep yourself motivated. At the end of each day think about what you have done and reflect on what you have achieved. Based on these thoughts and while fresh in your mind, make notes about what to do to follow-up and just as important, to open new doors tomorrow.

Redundancy Package updates
Carillion’s present status updates can be notified to you by email by registering at: https://www.gov.uk/government/news/update-for-carillion-workers-claiming-redundancy-payments–2 for example.

Toys R Us UK has appointed Moorfields Advisory (https://www.moorfieldscr.com/ or  020 7186 1144) as administrator to wind down the company’s stores, with the collapse putting 3,000 jobs at risk.

PwC (https://www.pwc.co.uk/ 0114 272 9141) is set to handle Maplin which employs 2,500 people.

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