According to an Australian Bureau of Statistics (ABS) media release dated 19 April 2018, the national labour force participation rate is at an all time high of 65.7% which means that more individuals aged 15 to 64 years are working now more than ever before.
Whilst the above is good news for our economy there is also the flip side of employment and the world of work. That is, the need to address underemployment, retrenchments and terminations and the associated impact of same.
In the most recent ABS – Labour Market Statistics Report (July 2014) it was noted that 2 million individuals ceased their job in the 12 months to Feb 2013. Of those 2 million individuals, 19% or 381,000 were retrenched or made redundant.
Thus, over the course of your career life cycle it is inevitable that at some point in your career you will experience this transitional period. In fact, many clients have reported that they have experienced this period 2, 3, 4 or more times over the course of their career.
Thus, whilst you may perceive redundancy and/or termination to be taboo, embarrassing, humiliating or a hush hush topic in fact Read More