Retrenchment is very devastating to employees from all walks of life. It creates an urgent economic crisis and feelings of unworthiness. Many people spent time crying about their retrenchment and also keep reminiscing about their past position. It’s over and there is nothing you can do about it. Move on and look ahead. The following tips should be used when retrenchment occurs.
- Do not judge yourself as a failure
- Accept your fate and sit down to strategize your next move
- List down your successes in your career
- List down some top contacts in your networks and engage them for any prospective new openings
- Update your CV in preparation for a new job onslaught
- Start a side-hustle in the meantime to ensure that your financial reserves do not run completely dry. This could become a lucrative business just in case you don’t find another job.
- Adjust your spending and advise your family that adjustments will be made for a short season of transition after retrenchment.
- Learn new skills to make you eligible for new opportunities
- Consider a career switch if you have multiple skills so that you can apply into new job families and job categories
People of all ages feel the twitch of retrenchment and there is need for a psychological muscle and emotional support to be able to go through it smoothly. Always remember your value and worth.