Redundant? Time to get yourself moving
Being laid off isn't the end of the world. Be positive, focus on your skills and get your career back on track, writes Wilf Altman
Sunday 22 August 1999
In today's business climate very few jobs can be considered safe. Restructuring or streamlining are warning signals pointing to the risk of redundancy. When it hits, for whatever reason, how do you begin looking for another job?
For many people it's a familiar scenario. But whether it's a current reality or remote possibility, it makes sense to develop a career-recovery plan.
t Draw up a target list of employers you could contact to enquire about permanent or temporary employment.
t Define your network of contacts who can be helpful - firms of headhunters, recruitment consultants, previous employers, former colleagues, well-placed friends etc.
t Revise your CV so that your added value skills and powerful contributions shine through on each page.
t Practice your interview techniques and upgrade your personal appearance.
t Focus your energies positively.
If you lose your job, the short-term aim must be income-continuation as soon as possible. Go for a temporary or part-time assignment, if necessary, so that you can preserve any capital sum received on termination, especially as it can take three to six months or longer to find another job.
Don't yield to distraction or despondency if most of your applications for a new job result in rejection or even total lack of response. The three key success criteria are effort, initiative and persistence. So your search for the right new job will not be helped by indulging in a kind of mid-life crisis as well! Always aim to exploit your most commercial skills and your most valuable experience by asking yourself which employers would benefit from your work contribution. Make sure you contact these employers either directly or via a trusted intermediary.
What potential employers want to know, says Graham Campbell, a director of TMP, MSL International, "is not only that you are qualified, but that you have been involved in key projects and can show tangible business experience - and results".
The initiative is in the hands of the individual, Mr Campbell asserts: "It's known as self-marketing and it goes beyond belting out a lot of letters and contacting headhunters and recruitment consultants. In 1999 you can't be a shrinking violet."
Write to companies you would like to work for. The key to the job search is to offer added value and communicate clearly. It's one thing to say you've had experience, but employers want to know what aspects you've been involved in, what you can do to improve their operation and how much you want for it. It reflects a bare-knuckle relationship today between employers and employees.
Networking, another vital element in the search for a new job, is often not properly understood. The outplacement specialist DBM advises that, with at least half of all executive jobs found through personal contacts, you ensure that you spend time developing your network.
Each week, set objectives - how many telephone calls and meetings - and diarise your time each day.
Develop more personal contacts; get involved in trade and professional associations, clubs, anywhere you can make new contacts; re-send your CV to recruitment firms. Their requirements change from day to day.
Networking can also lead to the decision to opt for self-employment. A national survey by DBM of 700 individual executives who were made redundant showed that 60 per cent were finding positions but 40 per cent considered self-employment as an option. More people are choosing self-employment after redundancy.
Many qualified and/or highly experienced people in IT, finance, production or marketing can obviously set themselves up as independent consultants or part-time temporary executives, even if only to get a foot in the door to ensure some income.
Some outplacement specialists offer programmes on starting your own business, which will help you decide whether it's a viable option.
If you go freelance, the key is to keep in regular contact with existing clients while also developing new business. And if jobs or assignments are most likely to come through agencies, cherish them.
And get advice - professionals will be able to help you make a business plan and a financial plan and set up an efficient book-keeping system.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 5 Game of Thrones is most-pirated TV show of 2014
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
AirAsia flight QZ8501 missing: Search for plane carrying 162 passengers from Indonesia to Singapore suspended overnight
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Millions of Britons struggling to feed themselves and facing malnourishment
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...