Pathfinder Coaching

July 6, 2020

Managing a redundancy – Pathfinder’s top ten hints and tips

  1. What is your goal? This is often the hardest part of the next stage after a redundancy. Do you carry on doing the same sort of work or use this as an opportunity to switch sectors/roles or change direction completely?
  2. Get perspective. Being made redundant can affect your self-confidence and it’s inevitable that at some point you will question your competence. Talk to people you respect, people who know you well and get their view on the situation. 
  3. Review your CV and LinkedIn profile. It may be some time since you put a CV together. It’s not complicated; don’t go for fancy fonts or colours. Create a clear record of your career working front page to back page from current role and working back with from/to dates, job title, responsibilities and achievements and any other pertinent information that is specified in the job description. 
  4. Reach out to headhunters/recruitment agencies. They are an important resource for you. Headhunters manage searches for roles that are often not advertised and they are also extremely well networked with specific industry experience (e.g. hospitality). Getting approaches from headhunters is flattering but if the role isn’t in line with your goal (tip no.1) then try not to get distracted. 
  5. Networking. Ideally networking should happen whether you need a job or not but if you haven’t networked for a while, start to make contact and attend events, if not in person join in a discussion or webinar. (Bear in mind that when you are over 50 you are more likely to get your next role through somebody you know.)
  6. Consider which of your skills are transferable. This could open up opportunities beyond your current sector, e.g. multi-site leadership experience in the retail sector could lead to the equivalent role in banking or hospitality. 
  7. Protect your CV if you can. This means understanding the value of the roles you have held to date and using the job search as a means of building on that value. Try not to jump into a role that makes no sense on your CV unless you have established your goal (tip no.1) and this is all part of your grand plan.
  8. Routine. Our work naturally gives us a shape to our day. You will need to recreate that to keep yourself going. Inevitably that will mean time in front of a screen, looking at job boards, doing research. My personal view is that more than a few hours of this can be unproductive. It’s easy to go down a lot of rabbit holes on LinkedIn for example. Give yourself a time limit and a purpose and stick to it. Then do things that make you happy be it time with family and friends, exercising, hobbies, volunteering.
  9. Personal Development. If you think you are going to be out of work for more than a few months, it’s wise to look at gaining some new skills. There are lots of either free or inexpensive resources or you might even decide to go back to education and do a degree or Masters. 
  10. Be patient – Finding the right job as opposed to any job is hard. If you are clear about your goal (tip no. 1) then you are more likely to stay on track. A very experienced headhunter once told me to allow a month for every £10k of salary to get the right job, so if money is your motivation bear that in mind. If you have to earn income quickly, take a job but be clear that it’s not a career move, and keep your goal (tip no. 1) in mind whilst you continue your job search. 

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