Navigating redundancy: 10 tips for successfully managing change
The prospect of your job being made redundant can be a daunting experience - but it can also be a gateway to new opportunities and personal growth. If you’re in that position right now, here’s how to navigate the transition with confidence and resilience.
1. It’s okay to feel emotional
The first step in dealing with redundancy is to acknowledge your feelings. It's perfectly natural to feel a wide range of emotions, from shock, anger, and sadness to, in some cases, even relief. Talking to family and friends can help you process these emotions. Always remember, it’s okay to feel upset but don’t let your emotions stop you from moving forward with a positive attitude (after all, it’s your employer’s loss, right?!).
2. Get acquainted with your rights and benefits
As soon as you get the news, make sure to gather all the information about your redundancy package. Here's what you should do:
- Find out the amount of severance pay you are entitled to and the date you will receive it. Review your Award, Enterprise Agreement, or employment contract for details of your entitlements
- Check if you are eligible for jobseeker payments and apply as soon as possible. Keep in mind that your eligibility may be affected by the amount of redundancy and annual leave payments you receive as well as your assets
- Get the details about your superannuation payments to ensure you receive everything you're entitled to. Also, remember that your employer's super contributions increased to 11.5% on 1 July 2024
3. Update your resume and profile
Begin by updating your resume with your latest experiences and achievements. Consider using a professional template to make it stand out. Free templates are available online at websites such as Canva, Seek and Microsoft. Also, make sure your LinkedIn profile is up to date and effectively showcases your skills, accomplishments, and professional endorsements. Having an updated online presence is essential for networking and job searching.
4. Get out and network
Networking can open doors to new job opportunities. Reach out to former colleagues, industry contacts, and professional associations. Attend industry events, join professional groups on LinkedIn, and don’t shy away from letting people know you are seeking new opportunities. Networking is a very effective way to find new employment opportunities.
5. Assess your skillset
Take this time to evaluate your skills and identify areas for improvement. Consider taking courses or getting certifications that are related to your industry or expertise. Here’s a roundup of the best eLearning companies in Australia to assist you in improving your skills and making yourself more competitive and attractive to potential employers.
6. Consider your career options
While redundancy can be difficult, it can also provide a golden opportunity to explore new career paths. Think about what you enjoyed most in your previous roles and look into other industries or positions that could bring similar satisfaction. Reach out to professionals in fields that interest you and arrange to meet for coffee to gain insights and advice from those working in roles you aspire to.
7. Plan your job search
Set up job search alerts on major job sites like LinkedIn, Seek, CareerOne and Indeed to receive daily notifications for positions that match your skills and experience. Make sure you also attend networking events and reach out to specific contacts as part of your new job search. A structured approach will help you to stay motivated and focused.
8. Be aware of your mental and physical health
It's important to prioritise your health during a stressful period such as redundancy. Make sure to maintain regular exercise, eat a balanced diet, and get enough sleep. Engaging in stress-reducing activities such as yoga, meditation, or hobbies you enjoy can help you keep a positive mindset and energy levels as you search for a new job.
9. Enlist some professional help
If you are struggling to deal with being laid off from your job, consider seeking help from a professional. A career coach can offer valuable guidance and strategies to assist you with your job search, while mental health professionals can help you manage stress and anxiety.
10. Stay positive and be persistent
Finally, stay positive and persistent. Finding a new job can take time, but maintaining a positive attitude and staying persistent in your efforts will increase your chances of success. Each application, interview, and networking event will increase your knowledge and bring you one step closer to your next opportunity.
Your career transformation starts now
Facing redundancy can be tough, but it can also be a transformative experience. By taking proactive steps, seeking support, and maintaining a positive outlook, you can navigate this transition successfully and emerge stronger, ready to take on new opportunities. Remember, every ending is a new beginning, so embrace the journey ahead with confidence and strength.
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