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PQ magazine for part qualified accountants.
Read the latest web issue here, if you like what you see sign up today |
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Bounce back from redundancy |
Unemployment has stormed past the two million mark in the UK and 49% of British finance workers feel 'less confident' about job security than a year ago – we are in a new economic era. |
Unemployment has stormed past the two million mark in the UK and 49% of British finance workers feel 'less confident' about job security than a year ago – we are in a new economic era. Without wishing to scare you, redundancy will be a reality for many people this year, so how can you prepare for the worst?
Think of redundancy as an opportunity to create a new future for yourself – this is the mantra espoused by psychologists everywhere. Easier said than done, yet these corporate psychologists and the like are right. The more prepared you are for the possibility of losing your job, the quicker you will bounce back. To begin with keep your CV up-to-date so you are ready to get back out there on the jobs market. If the day does come when you are called to HR, think about negotiating – offer your skills on a part-time basis and don't necessarily take the first package you are given. If it happens take two to three weeks off to come to terms with the loss. It will be a shock and it's OK to be emotional. However, the idea that you have to get in to the market fast or you will miss the proverbial boat is 'redundant' and "recruiters panic people", says Dr Parkinson of the Henley Business School. Don't rush in to a similar role straight away; budget to see how long you can survive and think carefully about your next move – do an audit of your skills, knowledge and experience. Redundancy can inspire a change of direction, so think about your long-term goals. It might be a great opportunity to do an MBA. Being made redundant could be the trigger that helps you break the mould and start a new career direction – and bounce back even higher. Think about volunteering your services to charity – it will give you great experience you can add to the CV.
Keep in touch with your professional body, meet former clients and go to networking evenings. Most importantly, stay positive and keep your spirits up, as opportunities can turn up anywhere! |
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