You may be astonished to realize that retrenchment may occur more than once during
life of modern day worker. In fact, career advisors report that we could expect to be made redundant up to three times during our working life.
As common as retrenchment is, when it happens, no one likes it. Whatever range of emotions initially emerge - fear, anger, resentment, retaliation, humiliation, disappointment - we should recognise as being quite normal. How we respond and deal with situation will influence our entire financial future and how quickly we move through these negative emotions.
This article will assist those people who may wonder how to deal with retrenchment. These ten keys will help you move on quickly and re-establish yourself in a productive working environment.
1.Don't take it personally. Redundancy is rarely, if ever, personal. Don't let it affect your self-confidence and morale. In most cases retrenchments occur as a result of changing economic situations, mergers or acquisitions which are typically outside most people's span of control.
2.Retrenchment is not an end, but rather a beginning. Even though we may not expect it, throughout various stages of our lives doors close and others open. When one door closes and it is a shock, we may not immediately see other doors opening.
3.Take advantage of outplacement support. If you company provides outplacement support - make full use of it. If no outplacement support has been provided ask if company could provide assistance with a registered outplacement firm. Research has shown that job seekers with assistance of a qualified outplacement consultant have better strike rate in job interviews.
4.Sort out your finances. Discuss with your partner or spouse your financial position and make adjustments where necessary. Few people realize that this transition may be a gift to help you change directions. Poor financial planning may propel you into a less than favorable job and close down opportunities to explore what you really would like to be doing.
