No matter how bullish I am about the recruitment market for finance chiefs (and for the record, I am still confident that it will be a better market than in most other functions) some people will find themselves on the wrong end of a conversation about redundancy or their business will go into administration
Now ignoring the frustration, the loss of pride, the financial and personal issues – how much of an impact is this going to have on you professionally? Well, the answer is, hopefully, very little.
The redundancy process will be painful and it is likely it will create a fear that it marks you out as a worse candidate. It is essential to remember that the rest of the market – and most importantly your future employers – will not take that view. Pre-2000 I would have had a different attitude but one of the few good things that came out of the collapse of the dotcom bubble was a radical reappraisal of the impact of redundancy on your CV.
Prior to that period, having a gap on your CV was frowned upon. It raised questions and no CV should ever raise questions!
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