Life after redundancy: bouncing back from the sack

Being fired need not be the calamity it first appears to be - with the right attitude you can turn it into the springboard to finding a job you're passionate about. Just make sure you take a full contacts book.

by Alexander Garrett

It's over two years since the collapse of Lehman Brothers precipitated the financial crisis and the recession that followed, but there is little sign that cinched-in corporate belts are being relaxed again. Indeed, one of the lessons of recent months has been that, rather than a temporary interruption of normal service, the new mood of caution and thrift is likely in itself to become normal service, at least for a year or two. Growth across the board will be hard to find, inflation and interest rates are likely to rise, and public spending cuts, while promising long-term gain, will certainly involve a good deal of short-term pain.

Consequently, many observers of the job market are anticipating that 2011 will be a tough old year, in which the axe will continue to fall and the dreaded P45 will feature all too prominently. The CIPD for one predicts that unemployment will hit a 17-year high of around 2.7 million, as small gains in the hesitant private sector recovery are offset heavily by big losses in the public services.

There's even a new set of euphemisms for getting the chop - the old favourites from the last recession, downsizing and right sizing, having been usurped by newcomers like forced attrition and employer-initiated departures.

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