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Management consultants accept redundancy is ‘inevitable’ |
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| | Analysis of calls to the
Chartered Management
Institute’s redundancy
hotline, combined with a
series of polls, shows
that executives have
moved from ‘concern
about job security’ to
‘preparing for a job
hunt’, accepting their
own redundancy as
‘inevitable’.
Against a backdrop of
over 50,000 job losses
since 5 January and a
total of 1.92 million
unemployed, CMI’s key
findings show that:
● amongst the most
common ‘redundancy
checklists’ sought by
individuals in December | |
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| | and January was ‘coping
with redundancy: the
next day’. The lowest
recorded request was for
help ‘managing the
survivors’;
● one in four
respondents in the
consultancy sector (26%)
admit they are currently
updating their CV in
readiness for a job
search ;
● 50% in the
consultancy sector are
making extra efforts to
develop business
networks, hoping to
uncover job
opportunities;
● 74% in the sector | |
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| | the 1990s and 37%
believe the current
economic climate is the
‘perfect opportunity to
reassess my career’.
Evidence also
suggests that managers
and leaders in the
consultancy sector are
making plans to survive
the recession and build
their career over the
long-term. Nearly a
quarter (24%) indicated
that they intend to
develop transferable
skills during 2009, with
13% also saying they
plan to undertake a
qualification.
Surprisingly, 5% also
intend to start their
own business.
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Ruth Spellman, chief
executive of the
Chartered Management
Institute, said: “Quite
clearly, any suggestion
that there is already
‘light at the end of the
tunnel’ is misplaced.
However, if we can help
people to dig deep and
develop their skills
this may enable them to
move forwards as well as
to move on. There is a
worrying lack of concern
about helping those who
survive redundancy and
unless these individuals
are given a focus or
sense of direction, the
spiral of low
productivity and morale
will continue on a | |
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| | have worked in an
organisation where
others have been made
redundant.
However, despite
clear evidence of a
“managers’ malaise”, the
survey also uncovers
some positive news. In
the consultancy sector,
for example, 82% argue
that there is less
stigma attached to
redundancy than during | |
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