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Is Redundancy a Risk

Written by: Emma White

Article Overview: Companies often re-evaluate their business structure, downsizing and streamlining to make cost savings. The bi-product of these corporate decisions can often unfortunately be redundancies.

Is Redundancy a Risk

Companies often re-evaluate their business structure, downsizing and streamlining to make cost savings. The bi-product of these corporate decisions can often unfortunately be redundancies.

A whisper of the word itself can send shockwaves throughout the department and the whole company. People can worry about their future employment status, fear the future, and damage their feelings of commitment to their work.

If you are being made redundant, it can be a shock to the system which can result in low self esteem and lowered confidence. It also raises questions of what to do next.

These feelings are natural as the change is forced and out of your control. However, try considering what opportunities this unexpected change has provided. These are all within your control:
• Have you considered running your own business?
• Maybe you have previously considered changing your job or career?
• Have you wanted to spend time travelling or getting involved in some charity work?

Once you begin to view this as an opportunity, start to research all your options. Consider the pros and cons for each. Think about what you want from your next role and life in general. For example if you want to include more organisation and planning responsibilities in your next role and reduce the amount of sales focus, then consider a position that includes project management tasks or team leader responsibilities. Or maybe you would like to strike a better work life balance, so apply for roles that are either part-time or include flexible working arrangements.

There is much you can do, even if redundancy is not certain. Have a contingency plan in place. Research your options in advance and become familiar with the job market. This will reduce the stress and uncertainty, creating options in advance.

It also helps to know where you stand legally,and what your current employment rights are. Visit Citizens advice bureau or direct gov.
If you want to discuss your options and discover the endless opportunities available to you,

Related Articles
  How to make an employee redundant
  Alternatives to redundancies have benefits
  Alternatives to Redundancy Reviewing the Options
  How to Get Back to Work in Todays Market
  Surviving Redundancy

Article Tags: business structure, charity work, citizens advice bureau, contingency plan, corporate decisions, employment rights, employment status, feelings, leader responsibilities, low self esteem, part time, project management tasks, pros and cons, redundancy, running your own business, shock to the system, team leader, unexpected change, whisper, work life balance



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