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After Redundancy – A Positive Guide

Being made redundant can cause psychological stress, almost as much stress as a death in the family. Often it has a negative impact on your value of loyalty and security.
Surviving redundancy takes plenty of discipline and an unshakable belief in your own abilities.  It is important to have support and resources to assist in your thinking and planning.  You’ll need a well-defined strategy to help you land that next job.
Research has shown that an individual’s initial reaction to redundancy is critical with regards to their ‘coming to terms’ with the situation and recovery in general.
Often an emotional response is apparent immediately. You should think about the reaction you have had and perhaps that of your partner and discuss this with your Career Transition Consultant.

Remember to:

Exercise Self Control

  1. Analyse the situation in a rational manner.
  2. Maintain a sense of dignity and professionalism; this will stand you in good stead in the coming weeks.
  3. Leave on good terms with your former employer and colleagues; this will not only create a more pleasant atmosphere for everyone, but it can also help in your campaign to secure another position by enhancing your chance of positive references form your former employer and colleagues.

Maintain a Positive Attitude

It is essential to maintain a positive attitude and sense of humour – the same kind of attitude that probably landed you the job in the first place.  Regard the situation as an opportunity to demonstrate to yourself and others your belief in yourself and your abilities. This is essential for your mental wellbeing.

Get Your Finances in Order

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!

Don’t Hide

Though this may seem appealing, the way you approach your first day of redundancy will have a great influence on your efforts during the early weeks. As they say, the quicker you get back on the horse the better.
For more information on career transition have a read of Career Transition.