{"id":34066,"date":"2022-02-08T22:36:37","date_gmt":"2022-02-08T11:36:37","guid":{"rendered":"https:\/\/www.institutedata.com\/?p=34066"},"modified":"2022-02-08T22:36:37","modified_gmt":"2022-02-08T11:36:37","slug":"the-surprising-opportunities-hidden-in-redundancy","status":"publish","type":"post","link":"https:\/\/www.institutedata.com\/us\/blog\/the-surprising-opportunities-hidden-in-redundancy\/","title":{"rendered":"The surprising opportunities hidden in redundancy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Covid-19 saw high levels of redundancy in seemingly every industry across the globe. And while being made redundant can be crippling in both the best and worst cases, there are often some hidden opportunities that can be found (though they might be hard to see at first).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Redundancy doesn\u2019t have to be the end of anything. While the impacts of being made redundant shouldn\u2019t be ignored, it can also be a potential for career growth and progression. And while everyone is currently talking about the great resignation, people are still facing redundancy. If you\u2019re someone who\u2019s been made redundant, there are ways you can find the opportunities in this moment \u2013 especially within the tech industry.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What to do if you\u2019ve been made redundant<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Write up a redundancy plan\u00a0<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">While we might never see redundancies coming, we can plan for them if they arrive. The first thing anyone should do when facing redundancy is sit down and work out a solid plan that can move them through this hard time, with finances being the most important. Determine any redundancy payouts, savings, upcoming bills and living expenses. See where you need to cut down, and try to remain calm.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Getting a plan in place will help you navigate the hard times with (hopefully) a bit of security and confidence. It\u2019s also a great idea to start looking around in the job market. Whether it\u2019s in your current industry or you\u2019re wanting to change industries entirely, become familiar with the movement of the job market. Are there a lot of job opportunities or are there slim pickings? If there are opportunities, it can be a great idea to begin applying for suitable ones. If it\u2019s been a while since your last job hunt, getting some refreshed interview experience can be highly useful.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Revisit your resume and get comfortable with networking<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Most people only ever look at their resumes when they\u2019re job hunting, but it\u2019s important to continually update your resume at least once a year. If it\u2019s been years since you\u2019ve even looked at yours, don\u2019t worry. Just take a look at where you last left it \u2013 or maybe even start a whole new one. Resume styles have changed over recent years, and potential employers no longer want to see pages and pages of overly detailed job experience dating back 10 years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So if you\u2019re starting from scratch, give yourself two pages to work with. No more, no less. Add in any relevant qualifications you have, but <\/span><span style=\"font-weight: 400;\">don\u2019t worry about including things like your birthday. Add any new skills you\u2019ve learned, any necessary experiences you\u2019ve gained, or certifications you might have done.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Consider upskilling yourself<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">While redundancy might feel like the end of the world, it can also be a chance to try new things. Sometimes we become so used to doing the work we\u2019ve always done, just because we\u2019ve always done it, and it can be hard breaking free from that status quo. Being made redundant might be the most brutal way to get you out of your comfort zone, but it can lead to fantastic things and new opportunities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many people find it to be the best time to upskill. Take a look at the things you really enjoy, whether it\u2019s related to what you\u2019ve been doing for work or not. Is there anything you\u2019ve always had an interest in but have never been able to pursue due to your work? For all its negatives, redundancy can also provide a clean slate. Spend some time thinking about what your passions and interests are, and map out potential career trajectories from that. Then, once you\u2019ve got a list narrowed down for potential careers you might like to go after, review your current skill set and determine whether there\u2019s room for you to improve.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, many of our graduate students have returned to the workforce after taking a break to raise a family. While redundancy is not the same thing, it\u2019s similar in that the hiatus made these students question whether they still had the necessary skills to return to the work they were doing previously, or whether they should take the opportunity to upskill and learn something new.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And if you\u2019re really struggling to figure out what to do next \u2013 whether you\u2019ve been made redundant or are just trying to forge a better career pathway \u2013 reach out to one of our course advisors to see if a career in tech would be right for you.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Covid-19 saw high levels of redundancy in seemingly every industry across the globe. And while being made redundant can be crippling in both the best and worst cases, there are often some hidden opportunities that can be found (though they might be hard to see at first). Redundancy doesn\u2019t have to be the end of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":34068,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[539,527,528,532,530],"tags":[],"class_list":["post-34066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigdata","category-careerchange","category-cybersecurity","category-datascience","category-datasecurity"],"_links":{"self":[{"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/posts\/34066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/comments?post=34066"}],"version-history":[{"count":0,"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/posts\/34066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/media\/34068"}],"wp:attachment":[{"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/media?parent=34066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/categories?post=34066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.institutedata.com\/us\/wp-json\/wp\/v2\/tags?post=34066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}