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10 Ways to Survive Job Layoffs |
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"Remember that job layoffs are not the end of the world." Losing your job through a layoff can be shattering on your career and even self-esteem. It's normal to feel anxious job layoffs plans are brewing in your company, who wouldn't, when you have a family that depends on you and bills to pay? But it's a different scenario when the job layoff has finally sunk in. What do you do to survive job layoffs? Read on.
Remember that job layoffs are not the end of the world, and no matter how seemingly difficult it is to get a new job, you'll get off fine with these tips:
Surviving Jobs Layoffs: A How To
- Don't Panic. The last thing you want to do is panic after a job cuts layoff because you might be urged to make sudden moves you'll regret in the long run. If you're granted an exit interview, mind what you say and don't mention scathing remarks against the company. Rather, make the interview useful as to get answers to any questions you may have about the company's decision to layoff jobs.
- Don't leave empty-handed. Negotiate a good sum of severance package (or separation pay). Should you deem it too small, work the guilt. The management will surely offer you more if you've been a good employee to them for many years.
- Create your support team. You'll inevitably feel the emotional burn of losing your job so seeking help from family and friends after a layoff is a helpful part of the healing process. Do not be ashamed to share your feelings - just openly communicate to them as talking about it will help ease the stress and anxiety after being laid off.
- File for unemployment benefits. This is best done immediately after your severance from the company because the sooner you will be deemed eligible, and the sooner the funds will start coming in. The employment agency will verify the reason for your separation from your employer.
- Update your resume. A job search should definitely be on your agenda right now, so you need to revamp your resume as soon as everything is still fresh on your mind. Focus on your skills by writing down even what seems are insignificant things. Your goal is to refresh yourself of all the great things you did at job.
- Review your cash reserves. Having a budget when you are gainfully employed can be challenging, but it is a must after a job layoff. After receiving your severance package, review how much cash you have and the expenses to determine how long they will last.
- Assess your career goals. While jobs layoffs can be as emotionally devastating to many, some may view it as an escape from a hated profession. After being laid off, assess the circumstance and rethink if you want to go to the same profession, take an advance degree, need re-training, or have a career change.
- Use networks. Let people know you're looking for work. Contact former colleagues (and even bosses), batch mates, and tell them you recently lost your job and needs to find a new one. This is the best time to build new connections and reconnect with the old.
- Plan a course of action. Now that you know what's next in line for you, it's time to plot your course in order to figure out how to realize these goals. First thing after being laid off is to get serious with your new job - and that is to find a job. Get organized and get moving. Are your goals achievable? How do you plan to get there?
- Start your search. As soon as you've gathered your senses and calmed down, begin now.
Are you in fear of a job layoff heading your way? Experts suggest you build an emergency fund, preferably three to six months worth of living expenses. Avoid making big purchases and limit daily expenses to only the basics until you are again employed and your finances are back to normal.
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