To help you feel better about your redundancy in the short run, and move on with your career in the long run, I’m sharing my expert tips on just what you should be doing…
In the first hour
Even if you are expecting it, news that your role is redundant will still come as a shock. Give it time to sink in.
In the first day first day
Share the news with your partner/family and close friends. You will need to lean on them over the coming weeks and months.
Ask the following questions to understand the exact terms of your redundancy:
- What is your official leaving date?
- Do you have to vacate the office immediately?
- Do you need to create a handover? If so, who will you hand over to?
In the first week
Speak with legal professionals to review the terms of your redundancy and any compromise agreements you may be asked to sign.
You should also speak with financial professionals to understand any tax implications and start to prepare your handover (if required).
In the first month
Collate any documentation – particularly relating to performance reviews, as well as evidence of what you have achieved along with copies of job descriptions. (This will help you to write your CV and prepare for future interviews.)
Say goodbye to your team and hand back all work equipment (e.g. laptop, phone etc.). his will help with getting closure.
Next, you’ll want to get clear on your finances. (I don’t ask my clients how much redundancy they received, rather how long it will last for). Prepare a survival budget and, if finances allow, take some time off. Put an end date on it to begin your job search.
Start to plan your next steps
During or shortly after a month has passed, you’ll want to look to the future:
- Work with a career coach to help you bounce back from redundancy.
- Get clear on the type of role and the type of organisation you would like to work for
- Formulate your CV and LinkedIn profile.
- Share your career aspirations with your network (the job market is like an iceberg; two thirds of it are hidden – particularly at senior level).
- Build your support system.
- Establish a daily routine and manage your time effectively – including making time for exercise.