How To Cope With Redundancy

Even in a recession, it is difficult not to feel personally slighted after being made redundant. The financial difficulties that often arise as a result of redundancy can have a knock-on effect on other areas of your life, including your relationships and general state of mind. Staying positive after being made redundant can seem impossible, but this does not have to be the case. There are plenty of steps that you can take to get yourself back on track after redundancy.

Keep Positive

Being made redundant can feel as though you have been kicked in the teeth - even if you were expecting it to happen. Once the initial anger and despair has eased, try not to blame yourself. Employers will rarely make their employees redundant without good reason, but this will often have nothing to do with your ability or performance. To be able to bounce back after redundancy, you need to stay positive as much as possible. If you were unhappy in your job before being made redundant, look at it as an opportunity to find a job that is better suited to you. In a recession, it may be harder to find a new job but persistence and perseverance are key. 

Take Any Available Benefits

Claiming unemployment benefits used to be something of a stigma, but this is less so during a recession. Even if you begin looking for a new job straight away, there is likely to be a period in which you are receiving no income due to the fact that you are between jobs. Claiming unemployment benefits can help to tide you over until you find a new job. For the majority of people, the amount that you will receive will be less than you would earn in a full-time job, but this is to be expected as benefits are intended as a stop-gap, rather than replacement income. Be prepared to be grilled on your financial situation before your application is processed as unemployment benefits are usually means-tested. 

Use Your Time Wisely

It may be a while before you feel ready to start looking for a new job. In the meantime, why not use your free time to learn a new skill or take up a new hobby? This limits your opportunity to mope around and allows you to feel as though you are being productive. 

Expand Your Job Hunting Horizons

As levels of unemployment are higher during a recession, you need to use as many different sources as possible in your search for a new job. This can include using online job boards and websites such as Monster, job advertisements in local and national newspapers, notices in shop windows or in your local library, word-of-mouth from friends and family and attending job fairs. This will open up more avenues and increase the number of jobs that you are able to apply for. 

Anticipate Rejections

Rejections are more common in a recession as there tend to be less job openings. If your job hunting repeatedly yields rejections, try not to take it personally. Given the amount of fellow job applicants who are probably also applying for the positions, employers can literally take their pick of candidates. This makes rejection more likely, although you can increase your chances of success by tailoring your cover letters to demonstrate how you can be of benefit to the company in question. In addition, only apply for jobs that you are definitely qualified for. Applying for jobs for which you do not have the required skills or experience will almost definitely result in rejection. 

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Hello, hello, 6 years ago from London, UK

Very well-written hub with lots of helpful tips. Thank you.

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