Hundreds of thousands of people are made redundant every year. And this year, with the economy in a worse state than back in 2008, redundancies are happening with greater frequency than usual.
This means millions of jobs are at risk, and millions of individuals could use some sound and sage advice to help them deal with a redundancy. That’s what this article offers: advice for those who are being made redundant – on how to process your job loss and how to recover to a place of economic strength.
Immediate Aftermath
Being made redundant is an unpleasant experience – especially if the news comes as unexpected. It’ll take a few days for your joblessness to sink in. These days make sure that you conduct yourself respectfully with your colleagues and managers: leaving a good impression with your old firm is essential. Meanwhile, tell your closest friends and your family about your misfortune. They’re the people who know best how to cheer you up and will be able to lend a hand if you need help in the coming months. Value self-care during this period, too: your mental health is important when you’re made unemployed.
Job Searching
As soon as your joblessness has sunk in, it would help if you got back to writing resumes and cover letters and searching for the jobs that you are qualified for in your local area. If you’re made redundant this winter, you’ll find a job market that’s both incredibly competitive and incredibly busy with new job postings. It pays to be ahead of the game when job hunting, so sign up to job newsletters and follow job message boards to find hot-off-the-press vacancies that suit your skillset.
Financing Your Lifestyle
Being made redundant often means being offered a severance package that can amount to a daily high amount of cash. With this cash, you’ll be able to live as normal for a couple of months before you’re left without a source of income. This means you need to begin a new, stricter budget right away. And if you do run into money troubles, this is the moment to learn about car title loans Pembroke Pines methods – including the trading of your car’s ownership – but not the car itself – in exchange for cash. This small boost can help you when you need access to emergency cash after being made unemployed.
Resilience and Confidence
Everyone who has ever searched for a job knows how it feels to be continually rejected by the jobs you apply for. It’s demoralizing, but it’s also like having your self-esteem slowly sandpapered down to nothing. This is no fun whatsoever – and you need the resilience and confidence to keep plugging away when jobless: applying, corresponding, and working to gain new employable skills. Don’t slack off or become disheartened when you fail to secure the job you want – there will always be more out there for you to apply for.
There you have it: four simple tips to help you manage your new-found joblessness after being made redundant.
Shift Frequency © 2020 – How to Respond to Being
Made Redundant: A Guide