Information about dealing with the threat and reality of redundancy.
If you have are going through the process of redundancy, or believe that your job may be at risk, plan your remaining time and use this time to update your CV and professional development records, then begin considering your options.
Ensure that you know your rights - speak to your trade union or human resources representative about the redundancy policy.
Look up old friends and colleagues - almost everyone has a network of associates who are in the industry and many of them will have an idea of vacancies or opportunities which are not advertised. It may also give you the inspiration for an area where you can create your own opportunities through consultancy or self employment.
Update your CV - ensure you have an up-to-date copy of your CV ready, including your current job role, in case you decide to make a change. If it has been a while since you last reviewed your experience, you may want to review your skills and undertake a self-assessment of your competence.
Try to remain positive - you may see this as an opportunity for a change and may wish to look into re-training or moving into a different sector. Look at the skills you have and any that you need to develop or improve; a useful way of doing this is to build an online job profile using Career Manager for the job that you aspire to. This will allow you to assess your current skill level against the profile you have created and use the system to consider the objectives you need to undertake in order to reach your goal.
IET Connect (the IET Benevolent Fund) offers an employment outplacement referral service to help members who have been made redundant get back to work as quickly as possible. Participants in the scheme will be able to develop a greater understanding of their skills, potential and limitations, thereby maximising their chances of finding new employment.
The four-month programme includes individual coaching sessions covering topics such as: evaluating career options, developing a CV which will generate interviews, coaching in self-marketing techniques, and interview training.
The service is open to IET members in the UK who have been out of work for more than four months, have less than £16,000 in savings, and have not already taken part in an outplacement scheme with a previous employer.
IET Connect offers members and their dependants advice, support and information on a range of areas with state benefits advice, financial support and referral to a free legal helpline and debt management helpline. For further information and advice please visit the IET Connect website.