MANAGERS across Yorkshire have accepted their own redundancy as “inevitable”, according to evidence compiled by the Chartered Management Institute (CMI). Analysis of calls to the CMI’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”.
Against a backdrop of more than 50,000 job losses in the region since January 5 and a total of 1.92 million unemployed, key findings show that:
* One in four respondents in Yorkshire and Humberside (27 per cent) admit they are updating their CV in readiness for a job search
* Twenty per cent in the region are making extra efforts to develop business networks, hoping to uncover job opportunities
* Sixty four per cent in the region 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. Sixty six per cent in Yorkshire and Humberside, for example, argue that there is less stigma attached to redundancy than during the 1990s and 42 per cent believe the economic climate is the “perfect opportunity to reassess my career”.
Thirteen per cent indicated that they intend to develop transferable skills during 2009, with 29 per cent also saying they plan to undertake a qualification.
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