Navigating Redundancies and Restructures: A Guide for Employees

At Madison, we recognise that New Zealand is currently undergoing significant restructure, particularly with the recent change in government. In times of such transitions, facing redundancies and organisational changes within your workplace can be a challenging experience. Whether due to economic shifts, governmental policies, or industry adjustments, the prospect of job loss or substantial alterations to your role can evoke feelings of uncertainty and stress. However, it's crucial to approach these situations with resilience and a proactive mindset. Here's a comprehensive guide on how to navigate redundancies and restructures as an employee, along with strategies to effectively manage the transition:

1. Understand the Situation: Begin by comprehending the reasons behind the redundancies or restructuring. This may involve attending company meetings, reading official communications, or seeking clarification from HR or management. Understanding the rationale behind the changes can provide valuable insights into the broader context and help alleviate uncertainties.

2. Stay Informed: Keep abreast of the developments within your organisation, especially considering the ongoing changes in New Zealand's political and economic landscape. Changes may occur rapidly, and staying informed will enable you to adapt more effectively. Subscribe to official communication channels, attend meetings, and maintain open lines of communication with your line managers or HR/ P&C representatives.

3. Assess Your Options: Evaluate your current situation and consider your available options. This might involve exploring alternative roles within the organisation, assessing your skills and qualifications for potential retraining opportunities, or considering external job prospects. Keep an open mind and be prepared to adapt to new possibilities.

4. Seek Support: Don't hesitate to seek support from colleagues, friends, or professional networks during this challenging time. Sharing experiences and seeking advice from others who have navigated similar situations can provide valuable insights and emotional support.

5. Update Your Skills: In the face of redundancies or restructures, investing in your skill development can enhance your employability and career prospects. Consider undertaking training courses, acquiring certifications, or expanding your skill set in areas that align with emerging market trends and business demands.

6. Review Your Finances: Take stock of your financial situation and make necessary adjustments to cope with potential changes in income. This might involve creating a budget, exploring government support programs, or seeking financial advice to ensure financial stability during the transition period.

7. Maintain Professionalism: Regardless of the circumstances, maintain professionalism and a positive attitude. Demonstrating resilience, adaptability, and a willingness to embrace change can leave a lasting impression on employers and colleagues, potentially opening doors to new opportunities in the future.

8. Take Care of Yourself: Amidst the uncertainties and stresses of redundancies or restructures, prioritise self-care and well-being. Engage in activities that promote physical and mental health, such as exercise, mindfulness practices, and spending time with loved ones. Remember that your well-being is paramount during times of transition.

9. Explore Redundancy Entitlements: Familiarise yourself with your rights and entitlements regarding redundancy. This might include severance packages, notice periods, and entitlements to accrued leave. Seek clarification from HR/ P&C or legal professionals if you have any questions or concerns regarding your entitlements.

10. Remain Flexible: Finally, remain flexible and adaptable in your approach to the changing circumstances. Embrace opportunities for growth and learning, and be prepared to pivot in new directions as opportunities arise. Remember that resilience and adaptability are key qualities in navigating career transitions successfully.

In conclusion, facing redundancies and restructures can be challenging, especially amidst the ongoing changes in New Zealand's political and economic landscape. However, with the right mindset and strategies, you can navigate these transitions effectively. By understanding the situation, staying informed, assessing your options, seeking support, updating your skills, reviewing your finances, maintaining professionalism, prioritising self-care, exploring redundancy entitlements, and remaining flexible, you can emerge stronger and more resilient in your career journey. At Madison and the wider Accordant Group, we're here to support you every step of the way. If you need help navigating the employment market or sprucing up your resume/ interview technique for future endeavours then give us a call. https://madison.co.nz/contact-us/