Unfortunately 2012 seems to quickly be becoming the year that jobs are getting slashed across all sectors. Banks, telecoms, manufacturing and retailers are all under pressure to cut costs and increase revenue for their shareholders. And that means horrible phrases like “structural changes”, “revamping” and “cost absorption”. But what it really means is job losses so business can improve its bottom line.

Redundancies are all about profit.  When a business lets go a huge group of employees at once, it is trying to contain its cost.

But that doesn’t make it any easier to deal with when you are in the firing line.

Here are ten tips for dealing with being made redundant.

  1. Don’t take it personally. Even long-serving and high performing employees are not immune from redundancy. While it might be traditional to call for volunteers, try to remember this is not a personal attack.  You are not alone.
  2. Avoid gossip and a bad attitude. While it may be tempting to band together with the other redundees to vent, cry and generally get mad, try to stick to a couple of bitch sessions and then let it go.  There is nothing to gain by staying in a negative mindset. Focus on your own race and what you need to do to get employed.
  3. Be nice. Harder than it sounds we know, but you need another job and it get one means you will need a reference. How you handle the news of your redundancy and your departure will leave a lasting impression on your supervisor.
  4. Get copies of your relevant performance documents while you can. Sure, this is not the forefront of your mind right now, but you will need to do a resume.  A good resume has some data and information to support your claims about what a good worker your are. We are talking your last couple of performance reviews, your KPIs, anything that shows how well you did your job (and that you can’t access once you leave). Saves remembering it.
  5. Personally call and tell your clients and contacts that you are departing (and make a note of their numbers to take with you). You may end up with a job before you walk out the door.
  6. Don’t panic.  In all honesty no-one knows how long you will be out of work for, it could be as little as days.  Stress, anxiety and panic are not going to help you make rational decisions.
  7. Don’t comfort shop.  This is not the time for a new suit, or a holiday or any new gadget.  You will regret it as soon as your pay stops.
  8. Avoid shock and sadness.  If you don’t get over the grief of job loss, see somebody about it.  Start with your GP.
  9. Consider this to be an opportunity to upskill or re-skill.  Talk to a recruitment expert about your skills and research what you need to get your dream job.
  10. Get your money situation in order.  You are now without an income, so you need to know your minimal living expenses and debt obligations.  If you don’t have any savings you need a plan for paying the bills.