Unfortunately, job security is a thing of the past, so preparation for being out of work means all the difference to the way you handle the situation if it happens to you. Perhaps most devastating is the emotional impact, especially if you derive too much worth from your vocation. For many people, what they do also gives them status and worth. When one or both providers of a family lose their source of income, many corporate benefits previously taken for granted may also fall away and suddenly become liabilities. Without a steady income you no longer qualify for loans and credit facilities and the annual holiday is no longer a given.
Retrenchment also brings uncertainty.
Unfortunately no one can predict the length of time, and for every person for whom retrenchment provided an opportunity to successfully pursue a lifelong passion, there are some who lost all their savings in the wrong venture or through prolonged unemployment. Retrenchment, therefore, hits from all sides. If not managed it can result in depression and damage your most important relationships. Tell the truth Denial can only prolong recovery and also exclude you from much needed support from family and friends. The way we handle this challenging phase can become a powerful witness and example to others especially our children, who can not be protected from experiencing the challenges of living in our times.