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.
Remain positive
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
- Retirement
- 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.
January 28, 2013 at 1:22 pm
What is the best way to job hunt when you know your being made redundant in July (Ie – 6 month in the future) I feel its too early to hunt now but I dont want to miss vacancies by waiting too long.
Look forward to hearing from you
Laura
January 28, 2013 at 2:30 pm
Laura,
You are right it is much too far in advance. However now is the time to start looking at job boards and the kind of jobs you will end up looking for. Now is your research time so as you get the feel for what is out there. Job titles and job descriptions are so different, therefore this is your time to establish the various job descriptions which would suit you and this might open up lots of job titles when you are ready. The right time will be 6 weeks before as prior to that is just too early. In using all of this time now though you will be in a position to have everything ready to go and be very active from the middle of June.
Good luck
The Recruitment Queen