n incur additional costs. Sometimes it’s just overheads and other times just inefficiencies. If these costs are increasing but sales are static or falling there is great pressure to reduce costs. Unfortunately one of the most simple, but often short sighted, cost cutting techniques is redundancy. If the business has got to this stage without the discipline of keeping costs under control you might be better off elsewhere in the long term.

Bad Debt – Cash f

If your company is making you redundant it’s important to think about the business reasons why this might be the case. Not only does it help you appreciate why they may be considering job losses but it also helps you avoid similar problems in the future.

Changes In Technology – Almost every industry relies on technology in some way. Usually the technology makes workers lives easier. However sometimes the machines or software can render the user obsolete. It’s never nice when technology is responsible for your redundancy. You can however, take the redundancy as a cue to move to another industry or to carry out extra training to make you less susceptible to these kinds of changes in the future.

Increased Competition – If your company is doing well there’s every chance someone will try to replicate what your business does. If another competitor is doing well it may well affect the cash flow to the extent that people like yourself might find themselves surplus to requirements. However the success story of the other company may not be all bad, you might find yourself perfectly qualified for a job within their organisation. If their business is doing particularly well you might even get paid more.

Outsourcing - As the world develops, a number of the countries of the world are becoming more competitive. These nations which often offer lower wages but equivalent skills are putting themselves forward for outsourced work. As they often can produce similar quality of work for lower prices it can lead to redundancy and job loss at home. While being made redundant due to out sourcing can be demoralising, it needn’t be. See the redundancy as an opportunity, whether it’s a new business, a career break or retraining, you now have the perfect motivation.

Increasing Costs – Often as a company gets older and larger they can incur additional costs. Sometimes it’s just overheads and other times just inefficiencies. If these costs are increasing but sales are static or falling there is great pressure to reduce costs. Unfortunately one of the most simple, but often short sighted, cost cutting techniques is redundancy. If the business has got to this stage without the discipline of keeping costs under control you might be better off elsewhere in the long term.

Bad Debt – Cash f

It’s never nice when technology is responsible for your redundancy. You can however, take the redundancy as a cue to move to another industry or to carry out extra training to make you less susceptible to these kinds of changes in the future.

Increased Competition – If your company is doing well there’s every chance someone will try to replicate what your business does. If another competitor is doing well it may well affect the cash flow to the extent that people like yourself might find themselves surplus to requirements. However the success story of the other company may not be all bad, you might find yourself perfectly qualified for a job within their organisation. If their business is doing particularly well you might even get paid more.

Outsourcing - As the world develops, a number of the countries of the world are becoming more competitive. These nations which often offer lower wages but equivalent skills are putting themselves forward for outsourced work. As they often can produce similar quality of work for lower prices it can lead to redundancy and job loss at home. While being made redundant due to out sourcing can be demoralising, it needn’t be. See the redundancy as an opportunity, whether it’s a new business, a career break or retraining, you now have the perfect motivation.

Increasing Costs – Often as a company gets older and larger they can incur additional costs. Sometimes it’s just overheads and other times just inefficiencies. If these costs are increasing but sales are static or falling there is great pressure to reduce costs. Unfortunately one of the most simple, but often short sighted, cost cutting techniques is redundancy. If the business has got to this stage without the discipline of keeping costs under control you might be better off elsewhere in the long term.

Bad Debt – Cash f

t people like yourself might find themselves surplus to requirements. However the success story of the other company may not be all bad, you might find yourself perfectly qualified for a job within their organisation. If their business is doing particularly well you might even get paid more.

Outsourcing - As the world develops, a number of the countries of the world are becoming more competitive. These nations which often offer lower wages but equivalent skills are putting themselves forward for outsourced work. As they often can produce similar quality of work for lower prices it can lead to redundancy and job loss at home. While being made redundant due to out sourcing can be demoralising, it needn’t be. See the redundancy as an opportunity, whether it’s a new business, a career break or retraining, you now have the perfect motivation.

Increasing Costs – Often as a company gets older and larger they can incur additional costs. Sometimes it’s just overheads and other times just inefficiencies. If these costs are increasing but sales are static or falling there is great pressure to reduce costs. Unfortunately one of the most simple, but often short sighted, cost cutting techniques is redundancy. If the business has got to this stage without the discipline of keeping costs under control you might be better off elsewhere in the long term.

Bad Debt – Cash f

skills are putting themselves forward for outsourced work. As they often can produce similar quality of work for lower prices it can lead to redundancy and job loss at home. While being made redundant due to out sourcing can be demoralising, it needn’t be. See the redundancy as an opportunity, whether it’s a new business, a career break or retraining, you now have the perfect motivation.

Increasing Costs – Often as a company gets older and larger they can incur additional costs. Sometimes it’s just overheads and other times just inefficiencies. If these costs are increasing but sales are static or falling there is great pressure to reduce costs. Unfortunately one of the most simple, but often short sighted, cost cutting techniques is redundancy. If the business has got to this stage without the discipline of keeping costs under control you might be better off elsewhere in the long term.

Bad Debt – Cash f

n incur additional costs. Sometimes it’s just overheads and other times just inefficiencies. If these costs are increasing but sales are static or falling there is great pressure to reduce costs. Unfortunately one of the most simple, but often short sighted, cost cutting techniques is redundancy. If the business has got to this stage without the discipline of keeping costs under control you might be better off elsewhere in the long term.

Bad Debt – Cash flow is a huge problem for businesses. While over a full year they might make money; from month to month their finances may be much more precarious. Much in the same way you spend more of your wages some months than other so can a business. Unfortunately for the people involved a company tightening its belt can often lead to job losses.

While it’s never nice to be made redundant understanding the business thinking behind the lay off can often help you realise that the decision wasn’t personal and that you shouldn’t let it affect you in the long term.