Search
Advice » In the Workplace » Leaving a Job » How should I cope with my redundancy?
Leaving a Job

How should I cope with my redundancy?

Untitled Document

The days when you could land a job after leaving school or university and keep it until you chose to move on are long gone. Even in traditionally ‘safe' industries like banking or the Civil Service, redundancy has become a fact of life as organisations are forced to change to keep pace with market pressures.

But why me?
Don't take it personally. Redundancy is a numbers game – reducing overheads and cutting positions which have been judged expendable for a variety of reasons.

You may have seen it coming and take the final redundancy notice as a kind of relief from the uncertainty. However it happens, it's likely that you will feel angry, betrayed and possibly a bit desperate. These are all perfectly natural emotions but, as ever, it's how you respond that matters.

When you get the official confirmation, stay cool. Try to focus on the fact that it's your job that has been made redundant, not you. It doesn't change the basic situation, but it will help greatly in preserving your self-esteem. It's not your fault, so don't beat yourself up over it. Instead, take a fresh look at your life and see how this opportunity can be turned to your advantage.

You may have been wanting to reshape your career for ages, or relocate or adjust your work:life balance. This is the ideal opportunity. One of your rights when facing redundancy is that your employer must give you time off to look for a new job, so use this time wisely to consider all the options.

The redundancy package and what to do with it
First off, find out what's on offer. Some employers just pay the bare minimum, others offer more attractive packages. Be careful not to jeopardise any offer by storming out before your appointed leaving date, or point blank refusing any alternative position they offer you. Always take your time before making any decision, and discuss it with friends and family.

If you are offered another post which turns out to be totally unsuitable – whether it's due to location or it's a role further down the ladder than where you were – you are not obliged to take it. If your employer does try and force it on you, you will most likely have grounds for unfair dismissal.

Contact your Trade Union or speak to an experienced advisor at your local Citizens' Advice Bureau. Don't sign anything until you've had it checked out by a qualified employment lawyer. Thankfully, most companies are required to provide you with funds to cover at least part of your legal fees during redundancy processes.

What to do with the money
Depending on how much you get, you may be able to realise a dream like starting your own business or paying off a big chunk of your mortgage. If you haven't got any immediate plans, you may fancy blowing some of it on a special treat. But think long and hard before you do, and don't blow the lot.

It could take you longer than you thought to find another job, and you don't want to be selling that new sports car in three months' time just to cover your mortgage payments.

Sign on to the dole straight away with Job Centre Plus or the benefits office. The financial support they provide is part of the reason you pay your taxes every month and by not registering you're throwing away free money. They will also be able to provide you with useful job hunting avenues.

Start job hunting using every technique you can think of, including registering on job websites and with recruitment agencies. Read the local and national jobs pages regularly and, if you have a good idea of the companies you want to be working for, approach potential employers directly. Pull in all the contacts and favours you can think of, and network as much as you can.

Explaining redundancy to your next employer
Unless you were made redundant for gross misconduct, it's nothing to be ashamed of - it happens every day to good people like you. Be honest and direct with your potential employer and put a positive spin on things. Try something like, “It was a knock-back, but at the same time I'm pleased to have been given the opportunity to develop my career in a new direction.”

Show your potential employer how tough and resilient you are. People admire and desire those qualities and it will improve your chances of landing the job you want. Here's a gem from Henry Ford that sums it up beautifully: “If you think you can or think you can't, you're probably right”.

Rate this article:
Average rating:
Email to a friend
Share This
Share This
Total votes: 29

Latest Jobs

Rullion Computer Personnel Ltd
Posted: 13/02/2012
Docklands, Londo...
Search Consultancy, Glasgow
Posted: 13/02/2012
Huxley Associates - Birmingham
Posted: 13/02/2012
UK
Randstad Business Support
Posted: 13/02/2012

Want more personalised results?  Update Your Profile

Email to a friend
Share This
Rate this article:
Average rating:
Total votes: 29
The Monster Forum

Job Interview Q&A

Take a look through some of the questions you might expect to face at a job interview and discuss possible responses with other Monster users.
Join the Discussion

Monster Communities

Graduate Jobs
Graduates! Find jobs and advice in the Monster grad zone.
HM Forces
A growing community of active, retired and prospective soldiers and sailors.
Pro Nurse
A community for active, retired and student nurses.
Public Sector Jobs
Government and public sector jobs and profiles.
More Monster Communities

Monster Partners

learndirect
Flexible e-courses in popular subjects to help you get the right qualifications.
PayScale
Up-to-date salary information in numerous industries and locations.
Home Learning College
Range of courses offered to gain qualifications in various fields.
Skill Studio
Enhance your interview and presentation skills.
More Monster Partners

Searching for Jobs

Job Search Tips
Plan your job search strategy effectively with these tips.

CVs & Applications

CV Tips
Use these handy tips to quickly analyse your CV and update before applying.

Job Interviews

Virtual Job Interview
Interactive tool to help you prepare for multiple questions that you could face on the big day.

Salary & Benefits

Salary Tips
Improve your negotiation skills and learn how to make the most of your current assets.

Attracting Candidates

Job Adverts – Quiz
A clear and concise job advert can help candidates match their skills to the vacancies criteria easily.

Interviewing Candidates

Tips for Small Businesses
If resources are limited, having an effective interview process in place can help cut costs.

Workforce Planning

Engage Using Social Media
Use and interact on Social Media and make the workforce feel a sense of belonging to the organisation.

For Seekers

Career Advice
Browse through a vast selection of content and tools created to aid your career journey.
Career Benchmarking
See how you compare to others in similar fields.
Career Snapshots
Explore new opportunities that you may be perfect for.
Career Services
Give your job search a boost with training and additional courses.
Create a CV
Upload a public CV and let employers find you.
Create a Cover Letter
Stand out from the crowd by including a cover letter in your job applications.
Create a Saved Search
Save a customised search and get jobs emailed straight to your inbox.

For Employers

Career Ad Network
Target your job posting to more candidates on thousands of websites.
Job Postings
Find the right solution for your hiring needs. Starting at £199.
Power CV Search
Monster's new search technology precisely matches people with your jobs.
Resource Centre
Find staffing insights, labour trends, HR best practices and more.
Social Recruiting Solution
Establish your recruitment presence on Facebook and Twitter.
Target Mail
Send targeted emails about your openings to specific groups of candidates on Monster.

Social Media

Job Tweets
Find jobs in your area and industry.
Monster on Facebook
Stay up-to-date with competitions, industry news and general Monster happenings.
Monster on Twitter
Advice, news and Monster support delivered rapidly.
Monster on YouTube
Find advice and how-to guides, past and present ads, interview help and Monster event appearances.
Our Social Network
Browse through the full list of where you can find Monster's offerings
on the web.

Other Links

Advice Forums
Tap into Monster's online career forums and share advice with others.
Career Advice Video Hub
View our collection of videos for advice on various scenarios throughout your career.
Monster Company Profiles
Explore companies and get information to guide your career decisions.
Jobsearch on Mobile
Download the Monster app for iOS and Android.
Jobs & Career Advice
Find jobs in your industry of choice and use the associated resources to boost your search.
Search Jobs:
About Monster | Work for Monster | Advertise with Us | Investor Relations | Social Media
Terms of Use | Privacy Centre | Help | Security | Contact Us | Sitemap
©2011 Monster - All Rights Reserved - U.S. Patent No. 5,832,497 - NYSE: MWW - V: 2012.1.0.28-206

|Chat With An Employer

Want to Chat With an Employer?

One or more employers would like to chat with you.
or Close