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How to bounce back from redundancy

Have you been made redundant? Do you know someone who has? Oliver James is here to support you. The following blog post provides advice from some of our consultants on how you can bounce back from redundancy and turn your job search into a success.

The Covid-19 pandemic has had a detrimental effect on economies all over the world. Businesses of all sizes and industries have battled for survival during recent months, and as the economic impact of the pandemic becomes ever more apparent, many businesses are now facing the reality of internal restructuring and redundancies to ensure a more commercially viable future.

Redundancy in any climate can be extremely difficult to manage. Add in the impact of a global pandemic and getting back into the job market is easier said than done. However, with that said Oliver James is here to support you with consultants across the globe to offer their expertise during these difficult times.

From the Oliver James London, New York and Amsterdam offices, here are some of our consultant’s tips on how you can bounce back from redundancy.

“No matter what stage of your career you’re at, redundancy can cause a significant impact to both you and your family’s day-to-day lifestyle, health and not to mention the financial implications and worry that comes with it; it can quickly become overwhelming.

However, over the years my network and I have seen that redundancy can often create some of the greatest opportunities. It’s not often we get the time to take a step back, stop, recharge, and truly think about where and what you want your next opportunity to look like.

Use this time as an opportunity to do this and be sure to remain positive in your job search”.

Anna Davies

Associate Director | Oliver James London | Insurance & InsurTech

“It is important to gain a full understanding of why you have been made redundant as this will enable you to go into your job search with full clarity.  Also, be sure to ask for testimonials from those you’ve worked with as these are super handy for when you are ready to kickstart your job search.

It is key that you have a strategy for your job search; take a step back, talk to your family and friends and have a think about what you want to do and where you want to be this time next year. This will give you a clear direction of how to target your job search effectively.

It is also a great idea to reach out to the recruiters within your market. At the end of the day, we are the people who know the market inside out, whose hiring and where – get in touch with them straight away and ask for their advice and expertise”.

Shanice Dela Fuente

Associate – Actuarial Search, Oliver James New York

“Remember redundancy will only be temporary – remain positive and increase your job search activity. It is important you quickly adapt to the situation as quickly as possible so you can begin your job search with a clear direction.

Look at your CV, think about how you can adapt your skills to meet the current needs and demands of the market. For example, if you are a Project Manager who is struggling to find their next role, look at your skill set and think how else you could add value to a company.

Aligning and tailoring your CV to every application is paramount to giving yourself the best possible chance of securing your next position. It may also be worth considering adapting your rate to ensure it is competitive and reflective of the current climate – speak to recruiters, friends and ex-colleagues, they will be able to advise on the best way to position your skill set”.

Nawied Hashemi

Managing Consultant – Change Management, Oliver James Amsterdam

 

Key Takeaways

  • Use redundancy as an opportunity to take a step back, reflect and think about where and what you want your next opportunity to look like.
  • Gain a full understanding of why you have been made redundant as this will provide you with essential clarity going into your job search.
  • Get testimonials from those you’ve worked with to support you on your job search.
  • Look at your CV, think about how you can adapt your skills to meet current needs and demands of the market.
  • Align and tailor your CV to every application.
  • Most importantly, remain positive with your job search, this is only temporary, and the right opportunity will come along.

 

Whether it’s now or in the future, Oliver James is here to support you. For more advice and tips on navigating through the current job climate download the key takeaways from our recent webinar - https://oliverjames.lpages.co/webinar-the-global-job-climate/