Redundancy is normal. It happens. But it’s hard to stomach. More than one in four Australians (26%) have had their role made redundant at some point in their working lives. More than half the population (58%) either know someone who has been through redundancy, or have been themselves.
The reality is, even if you’re made redundant you’ll be back on your feet faster than you think. SEEK found that 60% of Australians made redundant found another job within two months. That’s 17% in less than two weeks, 20% within three to four weeks and 23% within one to two months.
SEEK found that 60% of Australians made redundant found another job within two months. That’s 17% in less than two weeks, 20% within three to four weeks and 23% within one to two months.
Although most people find new jobs quickly, 74% of those made redundant do feel negative about the experience. The reasons for this are often that they enjoyed their job, were stressed about losing it and their income, finding a new job was stressful, or the broader emotional impact of redundancy on them.
Around 16% of Australians surveyed for this research were happy about being made redundant. Their reasons included they didn’t actually like their organisation, thought it was time to leave anyway, and/or the payout was good.
We asked Andrew Morris of Robert Half for some career advice for Australians who may face redundancy or are going through the process now. This is what he said:
Finally, be proactive. Whether redundancy is in the wind or it has happened already, write yourself a written job search plan and start ticking off the steps towards your future.