How to Deal with Redundancy

Redundancy isn’t the end of the world, although it sure feels like it. And just like any life situation, you can treat it as a challenge and an opportunity at the same time. For all you half-full optimistic executives, here are some ways through which you can handle your situation well:

• Take time to reflect on your situation. What happened? Why were you removed from your position? Is it because of something that you did or weren’t able to do? If you think that you could have done a better job in your company, then create a game plan that will enable you to do better next time. As you find answers to your questions, create a game plan that will enable you to make necessary changes in yourself.
• Consider a career shift. Maybe your redundancy is a way for you to move to a new career. Be open to the many possibilities for you and your career. A lot of people who experience redundancies end up with jobs that offer a higher salary and better benefits, in a more satisfying job position. Check out job listings in the Internet to have an idea of the many job positions that you can target.

• Update your resume. Before you scatter your CV to different employers, first update it and improve it. Highlight your accomplishments and pay attention to the format that you use. Research about the new trends in writing your resume, and make sure that no information is false. You don’t want to have an impressive resume that you cannot back up.
• Apply for positions that you want. Instead of using the scattergun approach in applying for jobs, really research and use your network in finding out about jobs that suit your career goals. Since you were removed from your position, you might be tempted to just apply for job positions that you can do, instead of targeting those that you want to do.
• Invest in learning. This may be the best time for you to focus on learning and improving your skills. Look for classes to attend, spend time reading helpful articles, and upskill by asking your friends and colleagues around. All of your efforts to learn should be directed at your career goals. For instance, if you’re coming from  finance jobs or banking jobs, and you want to become a manager in your next job, then look for resources that will enrich your ability to lead a team.