The Covid-19 outbreak has caused unprecedented numbers of layoffs and evictions. Even if you have a job, you could be worried about losing it, especially if the coronavirus shutdown impact has severely affected your industry.
Even if your industry hasn’t been impacted yet or is flourishing because of the shift in behaviour, you could be looking over your shoulder and wondering what the “new normal” is.
These scenarios were the “good” ones. The surge in unemployment around the world is probably causing you great anxiety if you’ve recently moved. The statistics are alarming since finding work again will be challenging.
It doesn’t matter how many other people are going through the same thing since it still has an effect on you personally. Maybe you believe there is nothing you can do to increase your chances of finding employment again. You could come to feel helpless and forlorn.
Don’t give up, though. You have a lot of control over your employability, increasing your chances of finding your next job quickly.
EMPLOYMENT DISPLACEMENT: WHAT IS IT?
When your job is lost, this is called employment displacement. It undoubtedly has a similar feeling to being laid off, but unlike redundancy, it is not a scheduled termination brought on by a shift in the company’s objectives or strategy. However, the outcome is the same. Your talents and experience are no longer useful to your employer.
If you know how to market them, the good news is that your knowledge, expertise, and talents remain valuable and marketable.
But, and this is a big but, being reemployed in a new field or position necessitates evaluating who you are and what you can bring to the table. You must therefore be aware of the abilities, expertise, and experience you possess. After that, you can advertise yourself as a potential employee in a new organisation and in a different position.
Here’s your golden opportunity: it’s becoming clear that there are still skills shortages and open positions despite the dramatic increase in employment losses since the start of the global epidemic. The fact that some firms are actively hunting for individuals with experience from a different industry or job is the most promising of all. Since demand for their products and methods of delivery are constantly changing, businesses must adapt, which necessitates new ways of thinking and doing things.
CAN I EXPECT TO RECEIVE REDUNDANCY EARLY WARNING SIGNALS?
Redundancy may have early warning indicators, but it also may not. It depends on your circumstances and the state of the organisation. Some professions and sectors are always more in danger than others during times of crisis. Travel, leisure, and retail have been particularly hard hit by the Covid-19 outbreak. A number of sources may include signs of job loss. You might observe, for instance, that you have less work to complete or that employees in similar positions are being fired from other businesses. You may already be aware that developments in technology or the impact of a global event will likely have an influence on your sector.
HOW SHOULD I RESPOND TO BECOMING REDUNDANT?
The first thing you should do after being laid off is to confirm your employment rights and determine whether the package is given to you is the best one for you. As part of your redundancy agreement, inquire if you are eligible for an outplacement package. In case you hadn’t noticed, it’s becoming less and less likely to have a job for life in today’s quick-paced, technologically advanced society. Plan your next move and concentrate on acquiring the abilities necessary to take it rather than worrying about keeping what you already have. Consider changing an opportunity to do something different, perhaps something more fulfilling and delightful, rather than a danger.