Facing Redundancy

Redundancy can be tough, especially in the ever-changing hospitality industry. As of July 2024, unemployment rates have hit 4.3% in New Zealand and 4.2% in Australia, the highest levels since 2021. This spike is due to a slowdown in demand for workers combined with increased migration, which has filled previous labour shortages. The result? More people vying for fewer jobs, making the search even more challenging. (Source: stats.govt​, NBR, ABC News).

If you're in the hospitality sector and facing redundancy, here are some strategies to help you bounce back:

1. Know Your Rights and Benefits
First, ensure you understand your legal rights regarding redundancy. In both New Zealand and Australia, employers are required to give notice and, in many cases, redundancy pay based on your employment contract. You may also be eligible for financial support through government programs like New Zealand's Jobseeker Support or Australia's JobSeeker Payment.

2. Reflect and Reassess
This period of transition can be an opportunity to reassess your career path. Think about what you’ve enjoyed in your previous roles and what you’d like to change. The hospitality industry is diverse—maybe it’s time to explore a different segment, upskill, or even start your own venture.

3. Upskill and Reskill
With the current economic climate, upgrading your skills is essential. Consider online courses or certifications that are in demand within the hospitality industry. Digital literacy is becoming increasingly important, so improving your tech skills could open up new opportunities.

4. Tap into Your Network
Networking is key in the hospitality sector. Reach out to past colleagues, join hospitality forums or groups, and engage in industry events. Platforms like LinkedIn or even local Facebook groups for hospitality professionals can connect you to hidden opportunities or emerging roles.

5. Maintain a Positive Mindset
Redundancy can be emotionally draining, but staying positive is key to bouncing back. Remember that this is a temporary setback, and with persistence, you can find a new role that aligns with your goals. Consider speaking with a career coach or joining a support group to stay motivated during your job search.

6. Consider Casual, Contract, or Part-Time Roles
While searching for a full-time position, don’t overlook contract or part-time work. These roles can provide valuable income and experience, and they may even lead to permanent positions. Temporary work can also help you build connections in new areas of the industry and keep your resume active.

Redundancy is challenging, but it can also spark growth and transformation. By staying informed, proactive, and open to new possibilities, you can turn this chapter into an opportunity to thrive in the industry. The job market in Australia and New Zealand may be tightening, but with the right approach, you can navigate this period successfully and come out stronger on the other side.