You might be excused for wondering if your job is the next to go considering COVID-19’s recent effects on employment across the globe. Nevertheless, given that employment crises occur roughly every 10 years, this isn’t necessarily a unique situation. It is wise to always be ready for the worst case scenario because of this.
Your income is the area where redundancy poses the greatest threat, but its effects go far beyond that. The emotional impact must also be taken into account.
WHAT IS READINESS FOR REDUNDANCY?
Being prepared for redundancy doesn’t mean waiting around for the axe to fall. It involves planning for contingencies and using them as necessary. You should feel calm and at ease knowing that you are prepared, not anxious.
And with the quick changes brought on by technology innovation and increasing globalisation, being prepared is more crucial than ever. However, it goes beyond simply having enough money in the bank. It involves adopting a mentality that allows you to respond to a perceived change in a variety of ways.
Here are five suggestions to help you get ready in case you lose your work.
- PERMIT YOURSELF TO RENEW
An emotional reaction
Redundancy is likely to come as a shock if it does. It’s crucial to give yourself enough time to heal, which should include a “mourning period” where you let go of your previous position and everything it offered you and prepare for your next career move. Your feelings, which can include doubt, rage, melancholy, guilt, and fantasies about what will happen next, will probably need some time to be processed. Make sure you have the help you need from friends, family, and counsellors who are trained in their field.
For five more tips on preparing yourself for redundancy, read the complete article by LondonOutplacement.co.uk