MODERN CAREERS
3 Essential Steps To Navigate The Traps Of Being Made Redundant By Gavin Sequeira
Have you ever been through a corporate redundancy ? It ’ s that scary moment when you ’ re told you no longer have a job and there ’ s very little you can do about it . Depending on your type of work or industry , this could be quite a common occurrence and for others , it may happen once in their lifetime . Regardless , if you have been through one , then you know that it can be a challenging time as you are faced with several decisions you need to make like :
– What do I do now ? – Shall I start looking for a new job ? – If I got paid a termination payment , how long will it last me ? – Do I use this as a chance to start up my own business ? – Can I re-skill and do something different ?
When I was made redundant about 7 years ago , I went through this process with no proper advice and a lot to figure out very quickly … cause when you ’ re not earning an income , money goes out the door pretty quickly !
At the same time , 450 other people that week were also made redundant ! Most of the people I knew were terrified of losing their jobs , some felt betrayed and others resentful towards the company for letting them down . Truthfully I was excited in part because it was the kick I needed to go full time in a business I had set up on the side . I was also no longer motivated
6 ModernBusiness June 2016