I see it all the time, it’s a story that repeats itself – particularly for senior candidates. It’s a sad story and one that can lead to a person really questioning and doubting themselves.
When being made redundant, an employee normally receives a redundancy payment linked to their tenure. That amount can be quite substantial if the employee has been employed for a long time. I often meet candidates who have received a payout equivalent to 3 to 4 months wage.
When the dust settles, most senior employees often accept the redundancy as a bit of a bonus. When else in your life can you go to take a few months paid leave? Take some time out – have a holiday, renovate the bathroom, focus on the children or play golf every day. It provides an uncommon opportunity to sit back and reflect without any pressure.
I normally start to hear from candidates when they are coming to the end of the redundancy payout period. They’ve been off work for nearly 4 months and they are ready to start working again. In my own experience, it often takes senior candidates who have been made redundant 3-6 months to land their next role. This can be a really tough time for someone who has been successful in a senior position and “never really had to look for work”. A lot of candidates lament that they hadn’t started their job search earlier.
Here are some tips on how to get back into the workforce if you’ve been made redundant:
Start networking straight away. Let your network know you are looking. Set a goal of having 20 coffee meetings with colleagues, friends, associates and recruiters. Don’t expect anything from 1 particular meeting, it’s a numbers game. Take some time off, but keep the wheels turning in the background.
If you see a position advertised that you are interested in, make sure you prepare for the call and make it effective. Senior candidates often perform quite poorly when phoning in about a vacancy.
Utilise the knowledge, network and experience or recruitment consultants. Their honest feedback is probably what you really need to hear.
Prepare yourself for the fact that you will have many a “No” before you land a “Yes”. It happens all the time. Have a resilient spirit and bounce straight onto the next one.
Remember that communication is key. How you communicate during the recruitment process will have a huge impact on the outcome.
If you’ve recently been made redundant I encourage you to enjoy some “time away”, but make sure that you don’t leave it until the last minute before you start looking for work.
The Candidate Coach