Losing a job is tough. If you’ve been retrenched, you may feel anxious about what comes next. But retrenchment in Singapore doesn’t mean the end of your career—it’s a turning point. With the right strategy, you can regain stability and even find better opportunities.
If you’re thinking, I just got retrenched—what now?, this guide will help you navigate the transition, from handling your emotions to securing your next role.
Step 1: Take Time to Process and Plan
Retrenchment can be overwhelming, and it’s natural to feel uncertain. Instead of rushing into job applications, take a step back. Assess your financial situation, review your career goals, and outline your next steps.
Ask yourself: What skills do I have? Do I want to stay in the same industry, or is this an opportunity to explore something new? Clarity will help you make smarter decisions moving forward.
Step 2: Understand Your Retrenchment Benefits
Before leaving your company, ensure you receive everything you’re entitled to. Retrenched employees in Singapore may qualify for severance pay, outstanding salaries, and unused leave payouts. Some companies also provide career transition services.
Check with HR for details on medical benefits, notice periods, and any government support schemes you may be eligible for. Knowing your rights ensures you don’t miss out on valuable assistance.
Step 3: Update Your Resume and LinkedIn Profile
Your resume should highlight key achievements, not just responsibilities. Use strong action words and quantify your successes where possible. A well-structured resume improves your chances of landing interviews.
Your LinkedIn profile is just as important. Many recruiters search for candidates directly, so ensure your profile is updated with relevant skills, experiences, and industry keywords.
Step 4: Leverage Career Resources and Networking
Singapore offers various career resources for retrenched workers, including job fairs, employment portals, and industry events. Engaging with these platforms can fast-track your job search.
Networking is equally important. Reach out to former colleagues, mentors, or professional groups. Many job openings aren’t publicly listed, and referrals often lead to better opportunities.
Step 5: Upskill to Stay Competitive
With industries evolving rapidly, upgrading your skills can make you more attractive to employers. If you’re considering a career switch, now is the time to gain new qualifications.
Look for training programmes that align with your goals. Government initiatives in Singapore provide subsidies for courses in fields like digital marketing, data analytics, and project management. A short course could give you an edge over other candidates.
Step 6: Explore Alternative Career Options
Full-time jobs aren’t the only way forward. Some professionals take this time to explore freelancing, consulting, or contract work.
If you have expertise in a specific area, consider offering freelance services or taking on short-term projects while job hunting. This approach keeps you active in the workforce and helps maintain financial stability.
Step 7: Create a Targeted Job Search Strategy
Instead of applying to every job listing, focus on quality over quantity. Research companies that align with your interests and customise your applications accordingly.
A strong job search strategy includes:
- Setting daily or weekly job application goals
- Tailoring resumes and cover letters for different roles
- Following up with recruiters and hiring managers
A structured approach ensures you stay organised and motivated throughout your job search.
Step 8: Prepare for Interviews With Confidence
Interviews can be nerve-wracking, especially if you haven’t attended one in a while. Prepare by practising common questions and refining your answers.
If asked about your retrenchment, stay positive. Highlight what you learned from the experience and how it has prepared you for new opportunities. Employers value resilience and adaptability, so show them you’re ready for your next challenge.
Step 9: Manage Your Finances While Transitioning
A sudden loss of income can be stressful, so budgeting is crucial. If you received a severance package, plan how to allocate it wisely. Reduce unnecessary expenses and explore temporary work options if needed.
Financial security gives you breathing room to focus on securing the right job rather than rushing into the first offer that comes your way.
Step 10: Stay Positive and Keep Moving Forward
Job hunting takes time, and rejection is part of the process. Stay persistent, refine your approach, and remember that every interview and application is a step closer to success.
Surround yourself with supportive friends, family, and career mentors. Retrenchment doesn’t define your future—it’s just one chapter in your career journey.
Final Thoughts
Losing a job can feel daunting, but with the right mindset and resources, you can bounce back stronger. By leveraging career resources, upgrading skills, and staying proactive, you can turn this transition into a new opportunity.
Need career support? Contact e2i today for job opportunities, training, and expert guidance.
