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Why you should see redundancy as an opportunity

If you are concerned about the stability of your job, take a look at why you should see redundancy as an opportunity.

If you are facing the prospect of losing your job, it can feel personal and the feelings of nervousness about where you will get your next paycheck will soon set in. While redundancy is a traumatic experience for most people, you shouldn’t assume that it will make your life change for the worse. Following your career path religiously, you may think that redundancy will put a halt to your promotion prospects. However, work through the obstacle of redundancy and you can show any potential new employer just how resilient you are.

IMAGE SOURCE: PEXELS.COM

If you are concerned about the stability of your job, take a look at why you should see redundancy as an opportunity.

Retraining

If you have recently been made redundant, you might be online every minute of every day looking for potential new roles. Don’t just scattergun a range of jobs and instead take a step back to upskill or retrain. If you have some savings in the bank, think about investing some of this cash on yourself by heading to a university like Suffolk Online to undertake an MBA. By honing your business administration skills, you can re-enter the job market as a more attractive candidate than your competitors. 

If you would rather reassess your career options, you could embark on a change in professional direction. Retraining is not out of the question. Take a look where there are job shortages and retrain as an electrician, an educator, or a plumber. This may be vastly different to your high flying managerial position, but it could give you more job satisfaction.

Travel

Redundancy can come as a shock and you may not be ready to re-enter the job market straight away. If you want to take a sabbatical and make good use of your time, think about traveling. Traveling overseas and going on a self-funded adventure can be massive amounts of fun and can give you the opportunity to see the world. While your career is important to you, so is your ability to enjoy the world around you. Travel, see new vistas, immerse yourself in new cultures, and figure out what it is that you really want to do. You may find yourself finding work as you travel and you may fall in love with a region that you later go on to settle in.

Start Your Own Business

If you want to leave the rat race, redundancy could give you the perfect opportunity to start your own business. You may have had the amoeba of an idea for a decade or more. Now may be the perfect time to morph this dream into a reality. Think about creating a business plan, sourcing funding, and launching your money making venture. You may want to use your contacts and network within the industry you already have experience with. Alternatively, you may want to change direction and follow a passion for ultimate job fulfilment.

You don’t have to assume that redundancy is the death knoll for your career. Follow this guide and view redundancy as the ultimate professional opportunity.

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