The Shine After the Shock: Redundancy’s Silver Lining

career Nov 26, 2024
 

Redundancy. It’s the word that can send a chill down your spine or, depending on your outlook, spark a glimmer of opportunity. While no one denies it’s an emotional rollercoaster, redundancy doesn’t have to be the end of the road. Instead, it can be the start of something transformative.

Here’s a guide to shifting the narrative around redundancy and making the most of this unexpected chapter.

 

  1. Separate Yourself from Your Role

It’s easy to conflate your job with your worth, but redundancy isn’t a reflection of you; it’s a business decision. The role is gone, not your talent or value. Accepting this can help strip away the shame and replace it with clarity.

💡 Reminder: It’s okay to grieve the loss of your job, but don’t let it define you. This is a moment of change, not failure.

 

  1. Allow Yourself to Feel

The emotional impact of redundancy is real. Shock, denial, anger, grief, sadness and even relief are all part of the process. Give yourself time to experience these feelings without judgment.

Whether it’s a day spent in pyjamas binge-watching your favourite show or a long chat with a trusted friend, take the time you need to process.

 

  1. Focus on Small Steps with SEEDS

When the overwhelm kicks in, SEEDS Therapy can help you regain control:

  • Social Connection: Call someone who lifts you up. Share your journey and lean on your network.
  • Exercise: Move your body to release stress and clear your mind. A quick walk or a gym session works wonders.
  • Education: Dive into something new, like an online course, a podcast, or a book to spark inspiration.
  • Diet: Nourish your body with wholesome food. Aim for variety and try the “30 fresh foods a week” challenge.
  • Sleep: Rest is vital for resilience. Build habits that support better sleep, like a calming bedtime routine or regular exercise.

Pause the video at the top of the blog for a SEEDS idea you can complete today! Small, consistent steps in these areas can make a significant difference in how you navigate this chapter.

 

  1. Negotiate for More

When presented with a redundancy package, remember: it’s not set in stone (even if your company say it is!). Companies often have room to negotiate, so don’t be afraid to ask for what you need.

Consider:

  • Certification or training reimbursements
  • Outplacement support or coaching
  • Pro-rata bonuses or stock options
  • Payment for long service leave 
  • Repatriation costs, if you had relocated for your role
  • Additional time in the form of special projects
  • Gardening leave over working your notice

💰 Tip: Research your legal entitlements and use them as leverage during negotiations.

 

  1. Tap Into Your Network

Redundancy is the perfect time to reconnect with your professional and personal networks. Most people have experienced a career shake-up at some point, and many will be eager to support you.

Start by:

  • Updating your LinkedIn profile and resume.
  • Reaching out to colleagues or mentors for advice.
  • Letting your network know you’re exploring new opportunities (when you’re ready).

Remember, people want to help; it’s just a matter of asking.

 

  1. Find the Silver Lining

While redundancy can be destabilising, it also creates space for reflection and reinvention. Maybe it’s time to explore a new industry, start your own venture, or focus on personal development.

How often do you get paid to take a step back and reflect?! Use this rare moment to consider what truly drives you and how you want to move forward.

 

  1. Invest in Yourself

Whether it’s hiring a coach, taking a course, or simply setting aside time for self-discovery, investing in yourself is one of the most empowering things you can do post-redundancy.

A coach can provide guidance on everything from re-entering the job market to redefining your career goals. And if your former employer offers outplacement services, take advantage of them; they’re there to help.

 

  1. Embrace Your Next Chapter

Redundancy can feel like a loss, but it’s also an opportunity to reset. Whether you’re exploring a new career path, starting a business, or taking a well-earned break, remember that this is your chance to create something meaningful.

The journey may be messy, but it’s also full of potential. Take small steps, reach out for support, and trust that brighter days are ahead.

 

Redundancy isn’t the end; it’s a beginning. What are your best tips to navigating a redundancy?

 

 

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