Redundancy - what Australians want

Redundancy - what Australians want Redundancy what Australians wantPosted October 13, 2011, by Helen Isbister With redundancies on the rise due to the global financial crisis, nearly half of Australians say they would take a voluntary redundancy if the price is right. Mass redundancies have already been seen across many Australian industries, from manufacturing, to banking and the media. The Reserve Bank of Australia is predicting the economic slowdown will be so severe, 100,000 people will lose their jobs in the next 12 months pushing the unemployment rate to five per cent. In the United States one fourth of employers are expected to make layoffs or other cost-cutting moves in the next 12 months. A survey by linkme.com.au found 21.6 per cent of Australians would demand a six to 10-week cash payout, while 30.5 of companies currently offer a two-week payout. Redundancy laws differ from state to state with payouts generally corresponding with how long an employee has worked for a com pany. More than 40 per cent of the Australian workforce has been made redundant at least once in their careers and for most (70 per cent) it was extremely stressful, so its interesting to note that respondents to our survey are quite happy to take a redundancy if the money is right, LinkMe CEO Campbell Sallabank says. Being made redundant is never easy. Only 21.7 per cent of Australian companies provide career transition support, such as help with retraining and finding a new position, even though 85 per cent of the working population believe it is the responsibility of their employer to provide this service. But its not all doom and gloom. Being made redundant can be the perfect way to launch yourself into an exciting new career path. If you adopt the right mindset, redundancy can be an opportunity for career advancement and development that otherwise would have been unlikely, Mr Sallabank says. When weighing up a change in job, its essential to think through the reasons behind you r desire to change because at the end of the day money isnt what gets you out of bed, your purpose and sense of belonging are. ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesShelley Lask - Body Positive Health & FitnessInterested in becoming a?Human Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice AdministratorPopular Career Searcheswhat millennials want in the workplacewhat millennials want from brandswriters wanted competitionhighest paying jobs in australiaskills you need for the future CoursesBachelor of Social WorkEnquire verbunden Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineHelen IsbisterRelated ArticlesBrowse moreEntrepreneurshipWOMENThe search for Australias next top businesswomanThe search is on for Australias next top businesswoman as the 2010 Telstra Business Wome ns Awards open today for nominations and entries.Career progressionCoworkersHow To Ask Someone To Be Your Mentor An Email TemplateAsking someone to be your mentor is serious stuff but that doesnt mean you should shy away from it. Heres how to ask someone to be your mentor - and how to convince them that its worth their while.CoachingCommunity ServicesMaking lives betterAre you a compassionate and nurturing person with a passion for helping people overcome difficult situations? You may find the perfect fit in the helping professions.