A CV Centre Guide to Redundancy

Redundancy in the workplace

Redundancy is becoming more and more frequent in a wide range of industry sectors as companies struggle to remain financially viable in the face of increased competition, especially from overseas. However, redundancy should not be considered to be a negative reflection on an individual. Redundancy normally comes about as a result of a company’s needs to make financial cut backs with certain positions, not individuals, being recognised as less viable than others.

Reasons for Redundancy & Employers Obligations

Voluntary or compulsory redundancies can become necessary following a merger or change in management or in the face of increasing operating costs, loss of customers and the introduction of new technology. Redundancy needs to be effectively managed by HR or personnel departments within a company to prevent those affected from feeling rejected, humiliated or inadequate. There are also certain guidelines which employers must adhere to before they can implement redundancy programmes including ensuring that adequate notice is given to employees and offering alternative positions within the company. In the event of no other vacancies being available, the employer should then assist with the job-hunting process and tailor an appropriate redundancy package based on length of employment and other key factors.

Remaining Positive and Focused

In the event of redundancy, it is essential to keep yourself active at all times particularly in relation to your job search. It may seem like the ideal opportunity to spend time with your family or to pursue interests or hobbies but it is also the perfect time to achieve career objectives that may have been previously unfulfilled. For example, you could undertake training courses or professional qualifications to improve your chances of re-employment.

Arguably one of the most important steps towards finding a new job is to make sure that your CV is up to date. Having your CV prepared for you by The CV Centre will help to ensure that your CV contains only the most relevant information presented in a professional format. It is important to be proactive in your job search by registering with recruitment agents and by regularly checking job papers and websites for suitable vacancies. Alternatively, you may have particular companies in mind that you want to work for so there is no harm in sending a speculative letter to them enclosing a copy of your CV and asking them to consider you for forthcoming vacancies.

Coping Financially

The length of time you may spend out of work following redundancy is an unknown quantity so it is important that you manage your finances effectively to ensure that you are able to keep your head above water. You may be eligible for certain benefits, for example Jobseekers Allowance, which can help to supplement your redundancy package.

Moving On From Redundancy

Although it may not necessarily feel that way, redundancy can be a positive event as it can give you the opportunity to change the direction of your career, acquire new qualifications or simply find a job that is more suited to your skills. Avoid focusing on the negative implications of being out of work and focus instead on achieving your new career objectives and the fact that you were once made redundant can actually end up being a good thing!

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