Whether it's a redundancy, making the difficult decision to shut down your own business or the realisation that you're simply not in the right job, most people will encounter a bump (or two, or three) along their career journey. 

Dealing with job loss and career disappointment shouldn't be unexpected but it is often one of the most difficult experiences a person will go through. 

"Involuntary job loss, in particular, feels deeply personal, even if thousands of others are going through the same thing," says Think Talent's Founder & CEO, Ainsley Johnstone.

"There's a very strong connection between our work and our self-worth, so it's often more than financial security that feels at stake. Our sense of purpose, identify and sense of belonging can all take a beating," says Ainsley.

The talent market has been something of a rollercoaster over the past 12 months, and high profile corporate redundancies (like the recent events at Twitter) have loomed large in the news. Given that economic volatility is set to continue well into 2023, restructures and layoffs are likely to continue for sometime.

Ainsley acknowledges that career setbacks can create feelings of denial, anger, self doubt but offers a more hopeful perspective: "With the benefit of hindsight, job loss is not always a speed bump - I'd describe it as a career roundabout that can help us to course correct." 

If job loss or career set back happens to you, here are five ways to bounce back better than ever: 

Lean into the discomfort

Rather than panic applying for any job on offer, it's usually advisable to take some time out if you can.

"Sit with the discomfort," says Ainsley, "and use that time to re-evaluate what you are looking for from your career and employer." 

Think about the types of businesses you'd like to work for. What will be your non-negotiables moving forward? What type of culture do you want to work in? And if you've had a bruising experience at your last organisation, use that to help you frame up a list of the things you don't want!

Control the controllables

Job loss is discombobulating because so much of our personal identity, confidence and even self worth is bound up in our job title. 

Rather than stewing over those things we can't control, take the drivers' seat and focus on what you can control - start by updating your CV, finish building out your profile on LinkedIn; attend a networking event; enrol in an online course and build a new skill.

Cultivate learning mindset

With more time back in your day, think about what might make you more employable next time around. 

"Improving your digital literacy and up-skilling in next generation skills, such as product management and coding, is an invaluable way to spend time," says Ainsley, and might reveal a new passion. 

There are plenty of courses available through providers like LinkedIn or AcademyXi that can be done online while you reset.  

Reach out to your network 

Tapping into your network is often the best thing you can do when you hit a career speed bump. Be open about what you've learned from the experience so mentors, colleagues and friends can support your strategy for moving forward. 

"Weathering a layoff alone is incredibly isolating," says Ainsley, "In my experience people are more than happy to make introductions or have a coffee. It's more than likely you'll have the chance to reciprocate or 'pay it forward' one day so nurture relationships more than ever during this time."

Working with a trusted recruiter is also important at this time as they can help you see where your skills profile might fit in the shifting job landscape and create introductions that aren't yet advertised. 

Show yourself some compassion

Finally, prioritise your physical and mental wellbeing in the wake of a set back. That means getting proper sleep, staying physically active and reaching out to friends and family.

"Most importantly, remember that job loss is rarely a reflection of your skills, personal character, resilience or value," says Ainsley, "With the right mindset and a bit of effort, you will land on your feet."

If you're facing or navigating a career set back, don't hesitate to reach out to the team at Think Talent. We're here to help!