Oct 2023

Confronting Redundancy In A Tech Driven Market

Tuesday, October 3, 2023

Sif Arnardóttir

Experiencing redundancy is undoubtedly a challenging ordeal that can take a toll on one’s energy levels and mental well-being. These difficulties often extend into various aspects of life, affecting personal confidence and overall outlook. In today’s technology-driven job market, where the ghost of redundancy looms large due to economic downturns and corporate shake-ups, it is imperative to confront the common stigma associated with this experience.

The Redundancy Stigma
One prevalent misconception surrounding redundancies is the unwarranted linkage to failure, sub-par performance, or job insecurity. Many individuals mistakenly believe that facing redundancy reflects negatively on their skills and capabilities. This notion has been perpetuated by a social stigma surrounding redundancies, causing those who have endured them to feel embarrassed or ashamed, even when they are blameless for their predicament.It is essential to recognise that redundancies often result from broader economic factors, corporate restructurings, or other reasons entirely unrelated to an individual’s performance. However, these ingrained stigmas can trigger intense feelings of self-doubt and anxiety in those who have undergone redundancy.

Empowering Change
In the face of redundancy, it is crucial to embark on a journey of self-empowerment and self-belief. One effective way to facilitate this transformation is by asking individuals who have faced redundancy what advice they would offer to a friend in a similar situation. People tend to be much more compassionate and supportive when advising others than when addressing themselves. This question serves as a reminder to break free from self-punishment and adopt a more constructive and optimistic mindset as they navigate the challenges of finding their next role.

Tools for Success
Fortunately, numerous tools and resources are available to assist individuals in their journey to regain professional footing after redundancy. These tools can help them rebuild their confidence and regain their place in the job market:

1. CV Templates and Creation Tools: Crafting an effective resume is a crucial step in securing a new position, and does not need to be costly. Various online platforms offer CV templates and creation tools that can help individuals showcase their skills and experiences effectively.

2. Market Salary Reports: Understanding the current salary landscape in their field is essential for negotiating fair compensation. Market salary reports can provide valuable insights into industry standards, allowing job seekers to make informed decisions. You can find our salary guide here.

3. LinkedIn’s “Open to Work” Banner: Utilizing LinkedIn’s “Open to Work” feature signals to both agency and in-house recruiters that an individual is actively seeking new opportunities. It can increase visibility and networking prospects.

4. Job Alert Platforms: Websites like Seek.co.nz and TradeMe Jobs, offer job alert features that notify users of relevant job openings. This saves time and ensures that individuals stay updated on suitable positions.

Redundancy should not be viewed as a mark of personal failure or inadequacy. Instead, it should be seen as an opportunity for growth and transformation. By challenging the common redundancy stigma and adopting a proactive approach, individuals can navigate this challenging period with resilience and emerge stronger on the other side. With the right mindset and access to valuable tools, they can find their path to renewed professional success and fulfilment.

Looking for more insights?

Download our latest State of the Market at the link below!

State of the Market Q1 2024

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