How to cope with retrenchment – it may be easy in theory…
However when the emotional reality hits, coping with retrenchment can knock the stuffing out of you.
In South Africa where as professionals we are faced with monthly expenses such as medical aid, school fees and security costs, it’s not surprising that panic can set in.
However, and perhaps unexpectedly, retrenched professionals report that financial aspects of retrenchment are initially the least of their worries. Instead, they say, riding the rollercoaster of your emotions is what unravels you.
How to cope with retrenchment: what is the rollercoaster?
According to psychologists, being retrenched is similar to suffering bereavement or being diagnosed with a terminal illness. Emotionally, there are five stages in the process of dealing with such an event.
Denial
This is a temporary defense and may lead to thoughts such as “This can’t be happening to me. There must be some mistake.”
Anger
Once denial has passed, you may feel angry at your situation or people related to it. For example, you may think “It’s not fair. My colleague is far less valuable. S/he should have been retrenched instead.”
Bargaining
This is the horse-trading ‘if only’ stage. You may be thinking “If they just let me stay on at a reduced package, I’ll make it worth their while.”
Depression
Ultimately you have to accept the inevitability of the job loss and the interruption of your career. Your spirits will feel very low and you may become quite tearful.
Acceptance
Once you have got to the end of the process you begin to think “I’m not beaten. There are other employers out there with opportunities for me.”
How to Cope with Retrenchment: how long is the ride?
The time taken to process your emotions will vary. There are a number of factors that affect this, for example, how attached you were to your role, what you perceive to be your future prospects and so on.
Give yourself time. For some people it may be a matter of hours or days, for others it may be much longer.
Next step: read more about your financial options on retrenchment.
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