Redundancies are on the Rise – Here is how to stay prepared!
Over the past year, we have all seen the headlines, redundancies are becoming more and more common across many industries. While it is a tough reality, it is one that many people are starting to think about more seriously as it becomes a known topic. You may be asking yourself, ‘What if it happens to
Know the Warning Signs:
Watch out for any of the following signs that can indicate a change might be coming:
- Restructuring within a workplace.
- Financial losses or struggles.
- Hiring freezes.
- Sudden changes in management or leadership direction.
While these don’t always indicate that a redundancy is coming, it is better to be aware and plan ahead.
CV Updating and Online Profiles:
Update your LinkedIn and other professional profiles you may have, look into the ways that you can boost your visibility online. There are some great tips on the internet showing how you can get noticed more by recruiters and hiring managers using simple profile tweaks. If your CV is sitting in an old folder from years ago, it might also be time to give it a refresh.
Start Reconnecting:
Get back in touch with past colleagues, mentors, and recruiters like us at Personnel Resources. Our teams in Rotorua, Tauranga, and Whakatāne are always ready to connect with job seekers. It’s always easier to have your network ready before you actually need it. Signing up with our recruitment agency ahead of time is a great backup plan, it puts you on our radar and gives you options if things change quite quickly.
Be Financially Ready:
If you start to feel uncertain about your position at work, it is a good idea to build up a small emergency fund if you can and find out what you’d be entitled to if a redundancy were to happen. This could include redundancy compensation, final pay, unused leave, or outplacement support.
It’s Not You!
Redundancy is something that can happen to anyone, it’s often about a business change and not your personal performance. Don’t let it shake your confidence, you’re still valuable, capable and full of potential!
We offer CV Writing Services for just $200 + GST if you require a CV makeover, including a 1-hour session with an experienced consultant who will help bring your skills and experience to life. Check out our jobs and search ‘Professional CV Writing Service!’ to learn more.
Find out more information about redundancies — including redundancy compensation, final pay, and unused leave — on the Employment NZ website.
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