None of us can control the future, life throws us a new curveball now and again, and its unpredictability pushes us off course. Our lives are influenced by outside factors that we don’t have power over. While we may not be able to prepare for every possibility or occurrence, retrenchment is one we can prepare for.
The effects of the global pandemic have increased retrenchments and downsizing in almost every company or business. This means that skilled and experienced workers are left jobless, and their livelihoods are impacted significantly.
Here are some of the important steps to consider after being retrenched:
- Don’t burn your bridges: While this may be challenging, staying calm and professional is essential during and after the process. Not only will it make the process easier, but keeping good contact with your previous employer can help in your future job searches and appointment.
- Contact professional networks: Networking is a give-and-take relationship that can often open incredible doors for a person. Putting effort into networking may lead you to a job that isn’t even advertised, thereby improving your chances. Revise your budget: Undoubtedly, a loss of income means you need to change your spending. The first thing to do would be to cut luxury expenses and look for ways to reduce other expenses.
- Get legal advice and know your rights: Both the Labour Relations Act and the Basic Conditions of Employment Act outline the retrenchment process and give a clear indication on calculating your severance package. Make sure your employer has met all the necessary legal requirements during retrenchment.
While losing your job may be a traumatic experience, it is not always complete doom and gloom and can sometimes be a blessing in disguise as it can push you towards other opportunities. Imagine a new future and take time to plan out your next step.