If you get the opportunity to take a decent package, see it as a positive and move on. There is life after TR.
The time it takes to get a new role (I can only speak fro London) will depend on various factors (e.g. Seniority and specialisations and whether you decide to go perm or contract etc). On average it takes between 6-12 weeks to secure a perm role. This is the same advice the management/displacement companies like Right Management etc will tell you, which you will be given access to.
Most of this time is spent building up relationships with agencies and getting your CV out there in the right circles. Dealing with recruitment agencies will be painful. Some are good but there are a lot of very poor ones out there. Be prepared for calls not being returned, CV's and applications not being acknowledged. Don't take it personally, just move on.
My recommendation if you think you are at risk are (and this may sound obvious but many will not have done it) :
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Get CV updated - and be prepared to adapt it for the role. Carpet bombing your CV to companies does not work. Tailor the CV to the role.
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Add CV to a few sites - e.g. Jobserve, CV Library etc. It will open a few doors with agencies.
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Absolute must- update Linked in. Agencies and employers look at this to validate info and search for candidates who have indicated they are available. Turn your lined in status to 'available'
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Approach some recommended agencies that specialise in your area and start building a relationship. The good ones will want to meet with you before putting your forward for interview,
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Decide what roles you are going for - permie or contract. This will help when you engage with the agencies.
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Start preparing for interviews. Practice for potential questions , so you have rehearsed responses- especially the ones you know that you are going to get - e.g. tell me about yourself ? You will be amazed how many people I interviewed and floundered when asked this basic question. Many of you will not have had an interview in years !! Techniques change - be prepared.
It will take 3-4 weeks for this all to kick in, so start now.
Finally don't panic. I know some that took 6-9 months to get the right role, but are more happier now.
Good luck !