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Facing Redundancy?

by Sellick Partnership | 9 April 2014

A sad fact in life is that some businesses will face hard times and staff will be made redundant. While the economy is recovering from the 2008 crash there is still a question of job security in some sectors.

So what do you do if you are facing redundancy?

In my experience, knowledge is power and it means that you can be pro-active. As soon as you are aware that you could face redundancy it is a good idea to update your CV and think about key achievements you have made in your role to date. It's easier to update a CV while you are in work as you can speak to colleagues who may be able to trigger your memory about other projects you have undertaken.

Armed with your CV you can make contact with recruitment agencies that can keep an eye out for movement in your market and give you an insight into what kinds of roles and what salaries are available. Find one or two and stick with them. There is a temptation to go to every single one you can but this can mean your CV is duplicated if the consultant has not asked you where you have already applied which can work against you in some instances.

For example, if you have had an interview and are awaiting feedback somewhere and the hiring manager receives your CV again they may question how keen you are on the opportunity. They may be wondering why you are looking elsewhere and if you have doubts about their role.

Using one agency can help avoid these instances, or give them exclusivity for a set period of time to see what they can do for you. If you commit to them, they will in turn make you a priority.

Use LinkedIn to advertise your experience - and if you haven't already got an account, set one up. It's an opportunity to promote your CV and connect with old colleagues and friends who may know of opportunities in their departments. It also is a way to be headhunted by HR departments and recruitment consultants and is a passive way to be contacted once you are in the next role or if you are saved from redundancy. Make sure you get colleagues to recommend your work as it's a public way to show your customer service skills or technical competencies in a creditable way.

If you can attend courses or have been considering finishing a professional quantification now is a good time to do it. Act sooner rather than later and see if it will be possible to get funding, or, if you are serious about it, you can incorporate the costs into your budget once you are made redundant. 

Hopefully you will not be out of work for long, but sometimes a lengthy gap can occur. Whatever the length of break make sure that you can demonstrate that you are pro-active and positive. If you do not have a courses you are interested in, think about voluntary work you can do. It will help you maintain a routine and purpose plus it will also show that you are caring and a pro-active.

 If you would like a confidential discussion about your current career or are looking for a change, get in touch for a confidential chat with one of our specialist consultants.