If you were made redundant tomorrow, how confident would you be in securing another role? Roxanne Calder, career strategist and founder and managing director of EST10, one of Sydney’s leading recruitment agencies, discusses.
Of the 2.1 million Australians who left or lost a job in the year to February 2025, 12% were retrenched. As the managing director of a recruitment firm, that’s not a statistic I’d gamble my career on.
The old employment bargain has changed. Loyalty and strong performance no longer buy the same security, progression or protection they once did. Even capable, committed employees can find themselves caught in restructures that have little to do with their value or effort.
Organisations are adapting fast to technological change, economic uncertainty and shifting customer expectations. I see the impact of these decisions daily and restructures can feel personal, when really they’re a response to business survival.
EAs and other employees need their own survival plan. We’ve dabbled with career cushioning, networking, upskilling and side gigs, but career cushioning is too soft for the times we’re in. It lacks agency and it assumes your existing job and employer are the centre of your career. That’s the wrong mindset. What professionals need is a career parachute – the vocational safeguard that lets you land anywhere.
A career parachute is about sovereignty and ownership; recognising that your career belongs to you, not your employer. It’s preparation and self-efficacy, ready and packed well before you need it.