Welcome to 2025

Welcome to 2025 and what could be considered some turbulent times ahead politically and economically with headlines already forecasting the “R” word, yes, a recession. We saw some companies making redundancies during late 2024 and more are expected in 2025 with businesses seeing their costs rise not least being the increase in Employers NI. So, what does that mean for the employees who are facing redundancy and may already be under consultation or trying to negotiate an exit plan?

Well, it’s well known that redundancy, even if handled well, can result in individuals experiencing low self-esteem and lack of confidence. They go through a raft of emotions similar to the loss of a loved one. I say this with some knowledge as I have not only been made redundant in my career but also lost both my parents. Whilst one can recover slightly more quickly from the loss of a job, the loss of a loved one remains with you forever. My experience as a Career Coach with over 15 years’ experience means that I have also coached many Clients through this process.

Firstly, it is important to realise that although redundancy is very personal to you, to the business that has made the decision it is not. So, as hard as it is, try not to take it personally. Your ability to do the job and achievements are not usually in question; it is a numbers game and decisions have usually been reached on some HR criteria or spreadsheet that you have zero control over.

As I explain to my clients it is important to always have an up-to-date CV ready - a record of your achievements and their value to the organisation. This serves as a constant reminder and will help with those self-esteem issues and boost your confidence when you most need it.

Try and remember your job title is not who you are, it is a label nothing more than that, it is not your self-worth. This may be a bit macabre, but have a look at gravestones in your local cemetery - they do not say “here lies a Managing Director” do they?

It is okay to panic and worry about the mortgage; to be shocked and yes, it is okay to be angry, even very angry. It is okay to take some time to take stock and reflect. But then it is time to channel all those emotions into looking for “what next” - whether it be employed, self-employed or even taking that sabbatical you always wanted to do.

Whatever your decision, get that CV ready, get counselling if you feel you need it and believe it will add value to your mind set.