Latest / She's On The Money / Navigating Redundancy
Transcript
- 0:00Speaker 1: Hello.
- 0:01Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
- 0:05Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we
- 0:08Speaker 2: get started on She's on the Money podcast, I would
- 0:11Speaker 2: like to acknowledge the traditional custodians of the land of
- 0:14Speaker 2: which this podcast is recorded on a wondery country, acknowledging
- 0:18Speaker 2: the elders, the ancestors and the next generation coming through
- 0:23Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
- 0:27Speaker 2: the storytelling of you to make a difference for today
- 0:31Speaker 2: and lasting impact for tomorrow.
- 0:33Speaker 1: Let's get into it. She's on the Money.
- 0:36Speaker 3: She's on the Money.
- 0:57Speaker 4: Hello, and welcome to She's on the Money podcast for
- 1:00Speaker 4: people who want financial freedom. My name is beck Sided
- 1:03Speaker 4: and with me is Victoria Divine.
- 1:06Speaker 1: What a surprise good week?
- 1:09Speaker 4: Yeah, a really good week, very much no particular reason. Okay,
- 1:14Speaker 4: so V this week episode. Yes, this word I feel
- 1:17Speaker 4: like brings some anxiety with it.
- 1:20Speaker 1: It does.
- 1:20Speaker 4: We're talking about redundancy.
- 1:21Speaker 1: We are everyone would have known that because of the
- 1:23Speaker 1: topic of the episode. Though yes they clicked on it,
- 1:27Speaker 1: they probably had anxiety clicking on it. And I really
- 1:29Speaker 1: appreciate that you got this far.
- 1:30Speaker 4: What made us think about it was we're going through
- 1:32Speaker 4: my contract and I noticed when signing my contract there
- 1:35Speaker 4: was like a whole section about redundancy, but not.
- 1:38Speaker 1: My contract with you though not our contract. Sign a
- 1:40Speaker 1: real contract with me you'll keep working for and which
- 1:44Speaker 1: mad respect, but you know, just making it clear absolutely
- 1:48Speaker 1: there is a section in all my employment contracts on redundancy. Though, ah,
- 1:52Speaker 1: there has to be.
- 1:53Speaker 4: Let's start there. What is redundancy?
- 1:55Speaker 1: So redundancy is something that occurs when an employer no
- 1:58Speaker 1: longer requires that job. It's not personal, or it shouldn't
- 2:01Speaker 1: be personal. But for example, you say work at your
- 2:04Speaker 1: workplace and they do a restructure and say you work
- 2:07Speaker 1: in the growth department. But in the restructure, there's actually
- 2:09Speaker 1: not going to be a growth department. We've identified that
- 2:12Speaker 1: we don't actually need that as part of the business,
- 2:14Speaker 1: or we're trying to cut back costs and like you know,
- 2:16Speaker 1: stripping away roles. The company as a whole has deemed
- 2:19Speaker 1: this not necessary. What happens is your role then becomes
- 2:22Speaker 1: redundant because it's not needed by the company anymore.
- 2:25Speaker 4: It's not personal, right, So would that be the same
- 2:28Speaker 4: as getting fired? Basically?
- 2:29Speaker 1: No, I mean it can feel that way. I totally
- 2:32Speaker 1: understand it. No one wants to be made redundant, you
- 2:34Speaker 1: know what, Actually that's a lie. There are some people
- 2:36Speaker 1: who are like, I've worked at this company for ages
- 2:38Speaker 1: and my redundancy package would be lit. So they do
- 2:41Speaker 1: want to be made redundant. But that's a story for
- 2:43Speaker 1: another day. But whilst getting fired and being made redundant
- 2:47Speaker 1: both end up in you having no job, beck they're
- 2:50Speaker 1: very very different. So when you get made redundant, there's
- 2:52Speaker 1: actually a notice period that you might have to work through,
- 2:56Speaker 1: but we're going to touch on this a little bit
- 2:57Speaker 1: later on, and you're often left with what is called
- 3:00Speaker 1: a redundancy package, which is fair a nice, sounds lovely,
- 3:04Speaker 1: But when you're fired, this is quite often an instant dismissal,
- 3:08Speaker 1: and like you wrap up your work immediately and you
- 3:10Speaker 1: don't actually receive a payout except for obviously the things
- 3:13Speaker 1: that you're owed, like and you'll leave and stuff that
- 3:15Speaker 1: you've accrued. So it is very different and treated and
- 3:19Speaker 1: handled differently.
- 3:21Speaker 4: So it kind of sounds like if you were to
- 3:24Speaker 4: lose your job, redundancy so much preferatig like.
- 3:27Speaker 1: If I'm going to lose a job, Beck, I want
- 3:29Speaker 1: to be made redundant. I don't want to get fired. Yes,
- 3:31Speaker 1: for some it definitely is better. A redundancy package is
- 3:35Speaker 1: obviously different for everyone depending on how long they've actually
- 3:39Speaker 1: been with that employer. Like, if you've stayed with a
- 3:41Speaker 1: company for over twelve months, you could be eligible for
- 3:43Speaker 1: redundancy pay, but this will obviously be stated in your contract,
- 3:47Speaker 1: as you noticed when you were reading yours. So, for example,
- 3:50Speaker 1: if you've stayed with a company, beck for two years,
- 3:53Speaker 1: you might actually receive between four and six weeks worth
- 3:56Speaker 1: of pay in lieu of you working out your notice period.
- 3:59Speaker 1: Often and if an employer has made you redundant, they
- 4:02Speaker 1: would actually prefer you to wrap up immediately because there's
- 4:04Speaker 1: nothing to wrap up.
- 4:05Speaker 4: Like it's a bit awkward.
- 4:07Speaker 1: Ye, it's a little bit awkward, but also like wrap
- 4:10Speaker 1: up because we've deemed this job like useless basically we
- 4:13Speaker 1: don't need it anymore, so like why do it for
- 4:15Speaker 1: another four to six weeks? That doesn't make a lot
- 4:17Speaker 1: of sense, and you essentially then don't work through your notice.
- 4:20Speaker 1: You just go home and still get paid. There are
- 4:23Speaker 1: many redundancy calculators online that might actually help you to
- 4:26Speaker 1: understand what you could receive. So if you're thinking about
- 4:29Speaker 1: like fire out, I'm going to be made redundant, start
- 4:31Speaker 1: looking up a redundancy calculator. But if you're in a
- 4:35Speaker 1: job and you've been in that job for nine ten years,
- 4:38Speaker 1: you can actually be looking at sixteen whole weeks of payback.
- 4:42Speaker 4: That sounds pretty sweet.
- 4:45Speaker 1: Sixteen weeks of pay all right, pretty well, spend some
- 4:48Speaker 1: of that time finding a new job.
- 4:49Speaker 4: No waries. But I'm also thinking, like, you do have
- 4:52Speaker 4: to pay tax on that, So you.
- 4:53Speaker 1: Do, but yes and no, so it's not like the
- 4:57Speaker 1: tax that you're paying on your current package right now now,
- 5:00Speaker 1: beckh okay, So there is actually a tax free limit
- 5:04Speaker 1: because you're being reade redundant, and obviously it's not you're
- 5:06Speaker 1: being fired like the government does look after us in
- 5:09Speaker 1: this way. So the redundancy payout is actually designed to
- 5:12Speaker 1: provide you with income while you're looking for a new role. However,
- 5:15Speaker 1: there is a limit on what is tax free. So
- 5:18Speaker 1: the base payout limit is eleven thousand, nine hundred and
- 5:21Speaker 1: eighty five dollars and an additional five thousand, nine hundred
- 5:25Speaker 1: and ninety four dollars for every year of service. So
- 5:28Speaker 1: say you work for a company for three years, the
- 5:31Speaker 1: most you can get in redundancy tax free is twenty nine,
- 5:36Speaker 1: nine hundred and sixty seven dollars, which is actually quite
- 5:38Speaker 1: a lot of money if you ask me.
- 5:40Speaker 4: Yeah, okay, so that's minimum tax free. I thought you
- 5:42Speaker 4: gonna say Max, no, you can get paid out, and
- 5:45Speaker 4: I was gonna be like, wow, that doesn't sound as good.
- 5:47Speaker 1: It's a pretty good number. And that's why I guess
- 5:50Speaker 1: when people go, oh, redundancy package, if you've never been
- 5:54Speaker 1: through it, like, there's no reason why you would understand
- 5:56Speaker 1: how the tax on that works. Yeah, but the tax
- 5:59Speaker 1: is very favorable to make sure that you're in a
- 6:01Speaker 1: financially secure position and have enough time and money to
- 6:04Speaker 1: find a new job, because again, you're not being fired,
- 6:08Speaker 1: the role has been made redundant. That doesn't make you
- 6:10Speaker 1: a bad employee totally.
- 6:11Speaker 4: It kind of makes me think though, like, if you're
- 6:13Speaker 4: a small business and you can't afford one to keep
- 6:16Speaker 4: paying someone for a job that's redundant, but you also
- 6:18Speaker 4: kin't afford the payout, how would they go about affording that?
- 6:22Speaker 1: Well, any good employer should have a very good budget
- 6:25Speaker 1: and cash flow system and have it planned out in
- 6:28Speaker 1: case these things happen, I see, because that would be
- 6:32Speaker 1: the right thing to do, But it really depends on
- 6:35Speaker 1: how small the business is. So in Australia there is
- 6:37Speaker 1: actually a small business exemption, which is important to understand
- 6:41Speaker 1: because it can be good and bad. Like working for
- 6:43Speaker 1: a small business is great, but there are a few
- 6:45Speaker 1: risks that you take on when you choose to do that.
- 6:48Speaker 1: But it means that a business with under fifteen staff
- 6:51Speaker 1: generally avoid the redundancy payout requirements, So doesn't matter how
- 6:54Speaker 1: long you've worked for them if they're a small business.
- 6:57Speaker 1: And it's kind of like a bit like murky waters,
- 6:59Speaker 1: I'd say, because unfair dismissal might come into play if
- 7:02Speaker 1: there's not a valid reason for the redundancy. It's not
- 7:05Speaker 1: like a blanket get out of jail free card for
- 7:08Speaker 1: the small business. So like if you worked for a
- 7:10Speaker 1: small business, as like a video editor and they had
- 7:13Speaker 1: less than fifteen employees and they're like, look, becky're being
- 7:15Speaker 1: made redundant. Sorry, like you're a small business, don't need
- 7:18Speaker 1: to pay you out?
- 7:19Speaker 2: Yah?
- 7:19Speaker 1: Yeah great, And then you see them advertising the same
- 7:21Speaker 1: role a month later on C Yeah cool, straight to
- 7:24Speaker 1: VCaP oh like we're recording that cheap. That's illegal.
- 7:28Speaker 4: That's good to know. Okay, So what sort of industries
- 7:31Speaker 4: are you likely to get made redundant from?
- 7:33Speaker 1: Okay? So, like there's no industry that's actually safe from redundancy,
- 7:38Speaker 1: but there are some when I did some research that
- 7:40Speaker 1: are a little bit more common than others. For example,
- 7:44Speaker 1: the average quarterly redundancy for the construction industry is eleven thousand,
- 7:50Speaker 1: nine hundred people, and retail is eight thousand, two hundred people.
- 7:54Speaker 1: Where on the lower end is like education and training
- 7:57Speaker 1: and that is two thousand, seven hundred people.
- 8:00Speaker 4: I feel very scared all of a sudden.
- 8:03Speaker 1: I wouldn't feel scared in your job.
- 8:04Speaker 4: They need you, do you say exactly?
- 8:06Speaker 1: Yeah, like they are very reliant on you, like desperado.
- 8:09Speaker 4: That actually is music to my ears. Stick around because
- 8:12Speaker 4: after the break, we will be looking at how to
- 8:14Speaker 4: use your redundancy to your advantage in conversations you should
- 8:17Speaker 4: be having at job interviews about redundancy. Smart Okay, V
- 8:25Speaker 4: we are back and we've talked about what redundancy is
- 8:27Speaker 4: and how it works, but how do we use it
- 8:29Speaker 4: to our advantage?
- 8:30Speaker 1: All right, So redundancy can be super hard and I
- 8:33Speaker 1: don't want to take away from that because it can
- 8:35Speaker 1: be really, really emotional. My partner's been made redundant, and
- 8:39Speaker 1: the emotional rollercoaster you go through because well, you're like, okay,
- 8:43Speaker 1: all right, that's fine, he can find another job. Oh
- 8:46Speaker 1: how exciting he's going to get a payout, Oh far out?
- 8:49Speaker 1: Like what if there's not another job that he likes? Like,
- 8:52Speaker 1: it's an emotional period of time. And while the money
- 8:54Speaker 1: side of things can be like a little bit sexy,
- 8:57Speaker 1: like I'd prefer you just have a stable job. Yet
- 9:00Speaker 1: for sure, I actually don't want to change jobs right now,
- 9:03Speaker 1: like he wasn't looking for a new job. But redundancy
- 9:06Speaker 1: can actually set you up with some flexibility if the
- 9:08Speaker 1: stars aligned, And by that, I mean what you can
- 9:12Speaker 1: do when you get made redundant to then set yourself up. So,
- 9:16Speaker 1: my friend, let me give you an example. Are you
- 9:18Speaker 1: ready If you were with an employer for two years
- 9:21Speaker 1: and you received eight weeks pay and one month's notice
- 9:24Speaker 1: your employer they might make you work the month or
- 9:28Speaker 1: they might just like let you wrap up immediately, depending
- 9:30Speaker 1: everywhere is different. In either case, this is going to
- 9:33Speaker 1: be eight weeks lead time for you to find yourself
- 9:36Speaker 1: a new role. Right, redundancy it's not like termination, and
- 9:39Speaker 1: it actually doesn't look bad on your resume at all.
- 9:41Speaker 1: So like someone who is interviewing you is not going
- 9:43Speaker 1: to go, oh, Beck, you got my redundant, like I'm
- 9:46Speaker 1: gonna go oh great. Beck probably didn't want to leave
- 9:48Speaker 1: that job. Maybe she's like a very valuable asset. I
- 9:52Speaker 1: probably do want to interview her and look into her.
- 9:55Speaker 1: So if I was to get made redundant today, I
- 9:57Speaker 1: would actually be applying for jobs from day one, be waiting.
- 10:00Speaker 1: I would be calling up recruiters. I would be reaching
- 10:02Speaker 1: out to my network. Because if you're wrapped up immediately
- 10:06Speaker 1: and you landed a job starting in two weeks, you're
- 10:08Speaker 1: practically getting six weeks worth of free payback. Ah that's
- 10:12Speaker 1: so that's money mean that can go into your emergency fund.
- 10:15Speaker 1: And because some of it would have been tax free,
- 10:16Speaker 1: it's a little bit more than what you were going
- 10:17Speaker 1: to expect it to be. So it's quicker that you act.
- 10:21Speaker 1: The more advantage you might be giving yourself, And it's
- 10:23Speaker 1: kind of like getting an end of employment bonus. If
- 10:26Speaker 1: you time getting a new job correctly. You could also
- 10:29Speaker 1: use this as like a fresh start. Maybe you've really
- 10:31Speaker 1: wanted to try out like a different industry. This is
- 10:34Speaker 1: your push, my friend, this is your opportunity to kind
- 10:36Speaker 1: of like dabble in a new career. Okay, to reframe it,
- 10:40Speaker 1: make it exciting.
- 10:41Speaker 4: That douns sound kind of exciting. So we've covered a
- 10:43Speaker 4: lot today, But what about negotiating a redundancy package? Is
- 10:47Speaker 4: that something you actually like can do? And if so,
- 10:49Speaker 4: how to go about it?
- 10:50Speaker 1: Negotiate everything. Negotiating a redundancy package is actually possible. It's
- 10:54Speaker 1: essential to cover factors like length of service, your role,
- 10:58Speaker 1: and any additional benefits. But say you have access to
- 11:01Speaker 1: a company car, like and currently you have a work phone,
- 11:04Speaker 1: you could potentially negotiate benefits to negate the loss of those.
- 11:08Speaker 1: So one, make sure you read your contracts. But like,
- 11:10Speaker 1: it doesn't hurt to ask, does it totally keep the car?
- 11:13Speaker 4: Maybe?
- 11:13Speaker 1: Yeh, keep the car like if you can, but more
- 11:15Speaker 1: likely be able to keep the phone. Be like, oh, hey,
- 11:17Speaker 1: like I don't have a phone. Is there any way
- 11:19Speaker 1: we can just work that into the contract so that
- 11:21Speaker 1: when you sign the dotted line you don't have to
- 11:23Speaker 1: give the iPhone back.
- 11:25Speaker 4: Not a bad ita money we you know, when you're
- 11:27Speaker 4: doing references and stuff like that, can you like use
- 11:30Speaker 4: the people that made your redundant as a reference?
- 11:32Speaker 1: Absolutely, you can.
- 11:33Speaker 4: It depends on maybe a relationship with.
- 11:35Speaker 1: That well, I mean, yeah, you're not. Can you use
- 11:36Speaker 1: someone that you have a dodgy relationship with for a
- 11:38Speaker 1: reference to begin with? You probably weren't going to go
- 11:41Speaker 1: and apply for a new job and then quit and
- 11:43Speaker 1: still use that person. Right, totally, But you could do
- 11:45Speaker 1: even better. Some workplaces actually have job search assistance, so
- 11:50Speaker 1: you might get made redundant and then the HR department
- 11:53Speaker 1: actually might step in and assist you in the right
- 11:55Speaker 1: direction in like resume riding and support, or they might
- 11:58Speaker 1: have insights to career opportunities outside of your current company
- 12:02Speaker 1: that you didn't know about, so these could be a
- 12:04Speaker 1: good push in the right direction. But yes, you can
- 12:07Speaker 1: absolutely use your current employer who's just made you redundant
- 12:11Speaker 1: as a reference. Like they didn't fire you, they've made
- 12:14Speaker 1: you redundant, And so the conversation would be like, oh
- 12:17Speaker 1: my gosh, we are so sad to be losing Beck.
- 12:19Speaker 1: It wasn't about Beck, it was about the role, Like
- 12:22Speaker 1: we just don't need that role performed anymore. Should be
- 12:24Speaker 1: an absolute asset to your company, and often you can go,
- 12:27Speaker 1: all right, well, I'm being made redundant. Can I just
- 12:29Speaker 1: get like a letter of recommendation that I can pop
- 12:32Speaker 1: with my resume, so like it's just so clean and
- 12:35Speaker 1: so easy to begin with, And that's another option as well.
- 12:39Speaker 4: Yeah, it might even be better than getting fired or.
- 12:41Speaker 1: Oh iRED present. No, everything when it comes to redundancy
- 12:44Speaker 1: is better than getting fired, like on your resume is
- 12:48Speaker 1: not ideal.
- 12:49Speaker 4: But the relationships, even if you're quitting, it's kind of like,
- 12:51Speaker 4: well they aree you something now yeah, yeah, actually you
- 12:54Speaker 4: know what I mean.
- 12:55Speaker 1: Well, won't frame it that way, but like, yeah, you're right,
- 12:57Speaker 1: because it's kind of like, hey, you did this to me.
- 12:59Speaker 1: I didn't try and leave you. I was loyal, so
- 13:02Speaker 1: loyala now go tell people that I'm really good.
- 13:06Speaker 4: Aha. So what should I be asking my job interview
- 13:08Speaker 4: when it comes to redundancy?
- 13:10Speaker 1: Okay, So it's probably not a question that's going to
- 13:13Speaker 1: come up very often. It's definitely not the first question
- 13:16Speaker 1: you want to ask. When it gets down to like
- 13:18Speaker 1: the nitty gritty, you're going I want to make sure
- 13:20Speaker 1: that they actually have good policies in place and you'll
- 13:23Speaker 1: find these in your employment contract, but i'd be asking
- 13:26Speaker 1: what their employment retention looks like, so I knew how
- 13:30Speaker 1: secure the job would be in the future. Like i'd
- 13:33Speaker 1: be asking what actually is the policy when it comes
- 13:36Speaker 1: to redundancy, and you know how that looks if you're worried.
- 13:38Speaker 1: It's not something that needs to come up in a
- 13:40Speaker 1: job interview, though, Like I don't want you going, oh well,
- 13:43Speaker 1: I'll ask them about redundancy. They'll be like, why do
- 13:45Speaker 1: you want a redundancy package? You haven't even started here.
- 13:48Speaker 1: But I'd be asking what that policy is, what it
- 13:50Speaker 1: looks like. And i'd also be asking what opportunities for
- 13:53Speaker 1: growth currently exist in the company that you're joining, because
- 13:57Speaker 1: they might have another option down the line, move into
- 14:00Speaker 1: a new role when your role doesn't exist. So that's
- 14:04Speaker 1: called redeployment, where you would be made redundant from one
- 14:08Speaker 1: role and then just rehired in another area of the business,
- 14:11Speaker 1: which would also be a slagh if you like the business.
- 14:13Speaker 4: Okay, it doesn't seem so scary to me anymore, but
- 14:17Speaker 4: I guess like we're talking more financially, but there's like
- 14:19Speaker 4: the whole emotional side to it as well.
- 14:21Speaker 1: One hundred percent feels like trash. Let's be honest, Like,
- 14:23Speaker 1: no one's going to go yay jump for joy got
- 14:26Speaker 1: made redundant. I mean when Steve got made redundant, we
- 14:29Speaker 1: weren't upset. We were like, oh, good, that helps us
- 14:34Speaker 1: financially significantly. This is probably too much information and I
- 14:37Speaker 1: kind of don't mind. But because he worked for that
- 14:39Speaker 1: employee for nine years back, so we were like, oh,
- 14:41Speaker 1: this is not the worst thing to happen, is that?
- 14:43Speaker 4: But he did pay up?
- 14:44Speaker 1: Yeah, but he did like the company and like they had,
- 14:47Speaker 1: you know, really good policies, and he's like, oh, I
- 14:49Speaker 1: could go back at some point, Like when you get
- 14:50Speaker 1: made redundant, it's not like no forever, Like you could
- 14:53Speaker 1: definitely like apply for another job in that company if
- 14:56Speaker 1: you love them so much and still want to continue
- 14:58Speaker 1: working for them. Like it's them slamming the door in
- 15:01Speaker 1: your face and me like, I can't believe we finally
- 15:03Speaker 1: got rid of Beck, Like it's not like that at all.
- 15:06Speaker 1: It can seem really scary, but I think taking it
- 15:08Speaker 1: in your stride and taking a redundancy by the horns
- 15:12Speaker 1: and going all right, I know this is overwhelming, but
- 15:15Speaker 1: let's get back on track as soon as possible. How
- 15:18Speaker 1: quickly can I land a new role? Because you might
- 15:21Speaker 1: end up with six weeks worth of pay in an
- 15:22Speaker 1: emergency fund and a brand new role that you love
- 15:25Speaker 1: and a team that you thrive in, and you're in
- 15:27Speaker 1: such a better position, Like, let's reframe it and go, well,
- 15:30Speaker 1: what can I get out of this? Yeah, Like, you know,
- 15:33Speaker 1: you might have been thinking about how you're like I
- 15:34Speaker 1: love my job. I really do pretty underpaid, but like
- 15:37Speaker 1: I still love my job. Now you're gonna get equal pay, Like,
- 15:40Speaker 1: isn't that really exciting? I think it is. I feel
- 15:43Speaker 1: like emotionally, yeah, it's a massive challenge and it definitely
- 15:47Speaker 1: is a bit of a shock to the system. But
- 15:48Speaker 1: I think you're allowed to have a range of emotions
- 15:51Speaker 1: at this time. Your whole world has literally been flipped
- 15:53Speaker 1: upside down, and humans inherently do not like change, beck,
- 15:57Speaker 1: like unless they've instigated that change in control of it. Like,
- 16:01Speaker 1: we're not that excited to have our job not exist
- 16:04Speaker 1: one day. Yeah, you know, like it's not gonna work,
- 16:06Speaker 1: and you should genuinely be seeking out some support as well,
- 16:10Speaker 1: Like it's hard from friends or family, your employer might have,
- 16:13Speaker 1: you know, professional counseling that you can use during that process.
- 16:16Speaker 1: They definitely should be letting you know what your options are.
- 16:19Speaker 1: It's although understanding that you know. It's not a reflection
- 16:22Speaker 1: of your worth. It's not a reflection of your work ethic,
- 16:25Speaker 1: it's not a reflection of how good you were as
- 16:27Speaker 1: an employee. It's actually just is what it is, and
- 16:30Speaker 1: it's about starting a new chapter.
- 16:32Speaker 4: Yeah, true, that's a really good perspective. Actually, thank you.
- 16:34Speaker 4: It's mine incredible that brain of yours. Honestly, so all
- 16:39Speaker 4: they've got. Now, though, Beck, do you have any advice
- 16:41Speaker 4: for a community who might be facing redundancy or in
- 16:43Speaker 4: the process of job hunting after being made redundant.
- 16:46Speaker 1: I feel like what I said before, it's not reflective
- 16:48Speaker 1: of your worth, ye, Like I think so many times
- 16:50Speaker 1: we tie our professional success to our personal worth, and like,
- 16:55Speaker 1: to me, that's the dumbest thing in the entire world.
- 16:57Speaker 1: Like I don't care if you're a doctor or a lawyer,
- 16:59Speaker 1: or you're the add me an assistant, or you know,
- 17:01Speaker 1: you clean the wheels on a train, Like I could
- 17:03Speaker 1: not care less if you're a good and kind human.
- 17:06Speaker 1: I care so much more about you than what your
- 17:08Speaker 1: career like stipulates. You are right, I just don't care.
- 17:12Speaker 1: It's not how I pick friends. It's not how you
- 17:13Speaker 1: should pick friends, like we keep company. That is kind right,
- 17:17Speaker 1: So you need to know first that it's not a
- 17:20Speaker 1: reflection of your worth in any way, shape or form.
- 17:22Speaker 1: But once you realize that and you've gotten through the
- 17:24Speaker 1: shock of it, I would want you to be really
- 17:26Speaker 1: proactive and use your current job as an opportunity. Use
- 17:30Speaker 1: the time during that notice period or immediately after to
- 17:33Speaker 1: upskill and networking, explore new job opportunities, and remember it's
- 17:37Speaker 1: not just an end, but a potential beginning of something
- 17:41Speaker 1: even better.
- 17:41Speaker 4: Wow. Beautiful? Is that? Absolutely?
- 17:45Speaker 1: I think so full of it sometimes, But I think
- 17:47Speaker 1: I did good this time there.
- 17:49Speaker 4: I feel really motivated.
- 17:50Speaker 1: All right, let's leave it before I make it up.
- 17:51Speaker 1: Thank you so much. We will see you guys bright
- 17:53Speaker 1: and early on Friday for a little catch up of
- 17:56Speaker 1: the week. But till then, have the best week and
- 17:58Speaker 1: we love you very much. Bye, guys.
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