Thousands of Australians experience unexpected job loss and career transition. This may be a result of corporate takeovers, continuing organisational restructuring, privatisation of the public sector or the increasing use of outsourcing.
It is a fact that the workplace has fundamentally changed and that most employees at all levels in the Australian workforce, whether private or public sector, are increasingly likely to experience a period of unexpected career disruptions.
Coping With Transition
Transition can be a major cause of stress and anxiety for the individual concerned as well as for their partner and family. Like other significant ‘losses’ it can generate strong and varied emotional reactions.
When a once secure and predictable future is thrown into uncertainty and the ability to plan ahead is suddenly thrown into chaos, emotions such as anger, self-doubt and blame may emerge. Such reactions are entirely understandable and completely normal!
But, winning control over these feelings by identifying and adopting effective and positive coping strategies is essential as early as possible.
How Long Will My Transition Take?
Setting and successfully achieving new career goals will largely be a direct outcome of your own positive attitude, level of energy and persistence.
Industry research suggests that on average it will take job seekers from two to six months to find the right new role. Factors such as the level of economic activity in your specific market sector and target industries will also influence this time-frame and may require a review and/or some ‘fine-tuning’ of your original career objective.
Key Priorities during Career Transition
- Spouse/Partner Awareness
Relationships may come under significant pressure during transition, so open communication with your partner and family will help to create an understanding and a supportive home environment during your period of adjustment and Career Transition.
- Financial Management
Taking appropriate positive action can substantially reduce your level of concern about both immediate and longer-term financial issues for yourself and those who depend on you. The first step is to seek access to independent, expert financial advice in the relevant areas such as rollovers, ETP’s, superannuation, taxation, New Start allowances and managing your household expenses. Whatever your questions, discussions with qualified financial planners can help to identify your options. Above all, don’t be backward in inquiring about any entitlements for which you may be eligible for and do it soon!
- Your Job Search
The way you approach your first day working for yourself – for that is exactly what you are doing until you secure your next position – will have a great influence on your efforts during the early weeks.
For important tips on job searching have a read of A Few Important Tips to Help Your Job Search