Recession and Redundancy Advice – Top Tips

Unfortunately, recession has become part of everyday life. It’s nigh on impossible to get through the day without hearing mention of it, whether in the media, the workplace or even amongst friends. Recession leads to companies making cutbacks in expenditure and more often than not, staff are one of the first things to go. Redundancy is not a pleasant experience for anyone, so we have put together some tips to help you through:

Remain positive!

As tough as it is when you’ve just lost your job, it is important to remain positive about everything. Have faith in your own abilities and try to turn the experience in to a positive – it could even lead to you finally getting the job you deserve!

Applying for Jobs

If you are in a low income, high turnover job such as call centre work, get yourself out there and apply for everything you can while avoiding jobs you do not want. Ultimately you still need to be happy with your work, recession or not.

For those coming from skilled, higher income jobs it is still important to apply for jobs but do not be tempted to apply for anything and everything. If you are overqualified for a job, employers will be unlikely to take you on as they will expect you to move on quickly. These rejections only lead to disappointment and may hamper your enthusiasm for job hunting in the long run. Worse, if you are accepted it is likely you’d have to work hard to get back to your previous level.

Pay

Do not take a job with significantly less pay than your previous job! It may take you a long time to work your way back to your original salary. If an employer offers you a job with a lesser salary, fight your corner and haggle for more money.

Still in Employment?

If you are one of the lucky ones to still be in a job through the recession, we have some recession advice for you too:

• Stick with the same job, unless you’re completely unhappy in your role
• Show a good attitude, work hard and prove your worth. Make yourself indispensable to the company and your loyalty may be rewarded in the future
• Don’t be too disappointed if you do not get a large pay rise in your annual review

Above all, whatever your situation remain positive. Remember that the current climate is not permanent and with a positive attitude you can get through whatever challenges you’re faced with. Fortunes are made in recessions and who knows, this time it could be you!