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How to deal with retrenchment

How to deal with retrenchment

Upskilling can help you cope with retrenchment.

In uncertain economic conditions retrenchment and redundancy are not uncommon, with many businesses forced to restructure amid changing market trends.

Anyone can be retrenched – skilled, unskilled, old and young – so it is important to not take the move personally and continue with your career.

But you may find yourself asking what to do after becoming retrenched?

Any unexpected income loss can come as a shock, so the best thing you can do in this situation is to regain control – in other words, get back on the horse.

Whatever the reason may be that a company retrenches staff, it is vital to pick yourself up and get job hunting. Approach enterprises – large and small – in your area of expertise for job opportunities and sign up with a good recruitment agency to enhance your chances of landing a position.

Fickle market conditions, combined with changing consumer trends have had a significant impact on a number of industries – decreasing demand in some professions which can lead to retrenchments and redundancies.

If you find yourself in this situation, it might be a good idea to look at upskilling your expertise to make yourself more employable and valuable.

Changing conditions doesn’t mean you have to start from scratch, it simply means you need to build on your talents.

A number of companies offer programs aimed at upskilling staff, or you can enrol in short courses in a specific area if you prefer – either way, this is a productive and effective way of dealing with retrenchment and using it to your benefit.

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