Preparing for Redundancy

Strategic Steps to Secure Your Future

I’ve observed a significant increase in organisational restructuring and redundancies recently.

The fear of potential unemployment weighs heavily on many, particularly those with financial obligations. However, loyalty to your employer can make it challenging to explore new opportunities, especially when you feel valued and cared for. There is no doubt that loyalty is valued by both employees and employers, yet tough decisions like redundancies may still arise to ensure business viability.

Just as airline pilots dedicate much of their training to preparing for emergencies that may never happen, investing time in readiness for potential career shifts is a wise choice. Being prepared is always preferable to facing unforeseen challenges unprepared.

Here are some key points to consider:

Understand that exploring new opportunities outside your current organisation is acceptable, even if you’re content in your role. Think strategically; identify desired businesses and initiate conversations to gauge mutual interest or potential opportunities. Don’t hesitate to consider job offers as they arise, remembering that your career path is yours to shape.

Restructuring can affect employees across the spectrum, not just underperformers, and it can happen unexpectedly. Therefore, staying proactive by updating your CV, optimising your LinkedIn profile, and being interview-ready is essential and ensures you are always prepared for the unexpected.

Hearing that your role is redundant can be unsettling, even for the most optimistic person, and can have a detrimental impact on how you present ourselves to others.  Conversely, preparing for new opportunities while in a positive frame of mind will significantly shape your job search strategy and market presentation.

If you’ve already been affected by an organisational restructure, it’s important to pause and reassess. This setback could be the catalyst for new beginnings.  Stay positive and focus on refining your career narrative. Keep in mind that setbacks often pave the way for new and exciting opportunities.