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  • Redundancy!

    It’s an all too familiar situation nowadays, with the recession still hanging on and many companies cutting costs and looking for new ways to save money. Unfortunately cutting back on headcount can be the best way to reduce costs. Over the last few years we have seen more people join the ‘unemployed queues’ with many professional and well qualified people finding they are facing an uncertain future.

    I have learnt from personal experience that redundancy does not mean the end of the line! It might be scary, painful, challenging and stressful, but there is always hope if you adopt the right approach and don’t spend too much of your time sitting in a corner feeling sorry for yourself.

    1. Sort your finances out - Can you reduce your own monthly outgoings? What is essential (mortgage, electricity etc) and what could you live without (TV packages, gym membership etc)? Create a budget that you can use to show how long without paid work you can survive for

    2. Get your job search hat on! Is your CV up-to-date? Do you have a professional cover letter? What is your network like?

    There are many free CV/cover letter examples on the internet showing how to build an effective CV (skills or experience based) and cover letter. Remember the simple rules – keep it short (2 pages), avoid jargon, make sure your key selling points are on the first page and leave out those ‘bits’ that aren’t essential for the jobs you apply for (i.e. hobbies and interests)

    Do some research on relevant agencies and get registered with them, send out your CV and cover letter and try doing the same to companies you want to work for. It’s all good practice!

    3. Keep a positive outlook – I realise it will be difficult, but I cannot emphasise enough the importance of keeping a positive and open mind – you never know where the next opportunity will come from. I found it useful to think of the situation as an opportunity! Yes a bit of a cliché but if it helps you keep focused and positive then do it.

    4. Networking – Again this might be stating the obvious, but many people don’t use or develop their networks enough. Start with the people you know, call them or meet up, and let them know you are looking for a fresh opportunity – but beware – if you focus on the negative aspect of your redundancy you will ‘switch them off’ and they will be less likely to mention you to others. Keep it positive and friendly! Most people you meet will pass on other names and it’s always easier to make a new contact when it’s via an existing one. Also use the internet on sites like LinkedIn to connect with people you know or those from the same industry

    More advice and guidance is out there, so search the internet, ask friends and colleagues or contact organisations helping people back to work. Some links:

    http://www.direct.gov.uk
    http://www.acas.org.uk
    http://www.adviceguide.org.uk
    http://www.dwp.gov.uk