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How to make a positive out of redundancy

27 May 2016 Career Advice
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Losing a job is an increasingly common career event

Very few of us want to hear that dreaded word: ‘redundancy’. It’s a term that has had severely negative connotations in the past and an air of finality about it. However, this is no longer the case, and being made redundant actually offers employees a number of opportunities to better themselves and move forward positively.

If you get made redundant, think about the following:
 

There is no longer any shame attached to redundancy

Corporate culture has changed in the last decade or more, and there is no shame attached to redundancy, largely because companies tend to make employees redundant for a series of different reasons these days.

Companies, especially larger ones or ones which are growing rapidly, tend to restructure or to revamp their departments much more often than they used to. This means that staff turnover is higher, which in turn means that staff are more likely to be made redundant.

However, it also means that companies are more likely to be hiring on a regular basis, and there is more opportunity to secure a new position. It also means that being made redundant is no longer a negative indicator regarding your performance, and it should not affect your prospects with future employers in the way it used to.
 

Redundancy comes with a redundancy package

Remember that when made redundant you are entitled to a redundancy package, and this can often be quite generous. Your package is usually based on your current pay, your age and how long you have worked for your employer. Granted, you will need to have worked for your employer for a certain period to qualify for one, but if you have spent a few years in the job then you may get a reasonable payout, so it’s not all doom and gloom.
 

Take a breather

Redundancy can be a great opportunity to take a breather, one you might not have opted to take advantage of otherwise. If you have harboured a desire to travel, take up a hobby, volunteer for charity or take on a personal project, then this is a good time to do it and will be seen as a ‘natural’ time to take a break between jobs by any prospective future employer.
 

Trade up!

If you’ve been working somewhere for a while and are used to a degree of job security, there may be a few opportunities to move up the ladder. Being made redundant can be an excellent catalyst for change, and when you go for your next role you are very likely to be able to consider positions which are an improvement or step up from your last one.

You might even be itching for a change of scene and, if this is the case, this is again the perfect time to try your hand at something different and go for a new role or even a job in a completely different sector.

At Morgan Hunt we hear more often than not from candidates who have been made redundant that it was actually the best thing that ever happened to them.

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