Redundancy has become a fact of life for people all over the globe. Whilst the recession has reportedly advanced into a ‘recovery’ period, those who remain unemployed aren’t feeling very optimistic. And it’s not clear that 2012 will bring any sunshine to the situation.
Although unemployment is expected to peak mid-year, and then presumably begin to recede, not all of us are convinced that the other side of that mountain will be significantly better. Regardless of how the situation fairs next year, there are a few tips that will help you survive the continued redundancy we expect to see.
This is perhaps the most difficult task. The average time from initial redundancy to re-employment has increased dramatically over the last four years – from weeks to many months. This has led to increased frustration and hopelessness. However, this is a bad rut to get into. Employers can sense desperation and they don’t like it when they see it.
Get assistance wherever you can
If this means you need to move back in with your parents or share/rent out your home, then do so. Do whatever it takes to survive – as long as it’s legal, of course. Apply for job seeker’s benefits, renegotiate loans and put your emergency budget into action. If friends and family are in a position to help you out, take it if offered and ask if they don’t. This doesn’t always involve a request of money – get them involved in your job search at the very least.
Carefully consider your options
Sometimes, when redundancy hits, we feel blind-sided by the unexpected turn of events. This can make it difficult to really get a feel for our options. We can get into a rut where the only option we see is getting the same or very similar position at the same or similar wages. It’s difficult to think outside the box during a crisis. Some options you might want to consider include:
- Going back to school
- Changing careers
- Making a move into a higher paying job category
- Taking time off
- Starting your own business
- Become a consultant in your field
Obviously, the options available to you will be dependent upon your individual circumstances. Two of the options more people are picking up on is the consultancy trade and starting their own business. If you choose one of these options, it will be critical that you acquire the right set of skills to make your new venture a success, including learning about taxes, accounting, marketing and operating a business.
Whatever the case, know that surviving redundancy is achievable. You WILL obtain employment and you WILL succeed. Set your goals for 2012 and get ready to achieve them.