Redundancy is something most employees will dread, but unfortunately it will happen to many of us at some point and can really knock your self-confidence. It’s very easy to feel overwhelmed, so we’ve compiled some tips to help you bounce back if you ever find yourself in this situation.
The UK, as well as many other countries globally, is currently experiencing a competitive job market, i.e. one in which there are more candidates seeking employment than there are available roles. The UK market has seen a concurrent rise in available workers and a fall in vacancies. The recently published August 2024 KPMG & REC UK Report on Jobs stated there is a continued decrease in vacancies – this is most marked in permanent job roles, whereas temporary vacancies actually experienced an increase for the second month in a row, so it’s not all bad news.