How To Prepare For A Possible Job Loss

What do you do if you have a gut feeling that your career is doomed? Is it possible that the writing is on the wall? Are you going to be fired or laid off? Is the company doomed? Is it possible that you would lose your job out of the blue? If you’re experiencing these feelings, now is the time to act to ease the blow. To get your affairs in order, you must begin today. You would be in a much better position than your colleagues if the axe falls. And if nothing happens as a result of these measures, you will be much better off than you are now.

First and foremost, is your resume updated? Now is the time to refresh it if it hasn’t been updated in a few years. You may want to think about hiring someone to do it for you. You must present yourself in the best possible light. You want to be able to begin sending it out before or as soon as you lose your job. Finding a new career may be a full-time job itself.

Will you need to brush up on your work skills? While you’re still employed, it might be a good idea to enroll in a few classes to refresh your skills or begin training for a new career. You might want to join a temp agency now so that you can be placed later. Temp agencies have the following advantages: they pay well, they find you a job, you won’t be struggling for a place with thousands of people, and you can usually start right away.

Begin to network. Inquire from anyone you know to see if they are aware of any job openings. Explain to them that you will be laid off and will be searching for a new career if you have not yet lost your job. Perhaps they will provide you with a contact name inside their organization. Someone to give your resume to and ask if they have any potential opportunities for which you would be interested. Begin the procedure right now. It’s not so much about what you know as it is about who you know.

Make sure your finances are in order. It’s almost easier to say than to do. If you’re like most people, you’re probably still living paycheck to paycheck with little left over. If you lose your job, you’ll need as much money as possible to get by. Most experts suggest keeping 3-6 months’ worth of cash on hand to cover your living expenses. What if you’re jobless for eight months or a year? Gather all of your cash reserves and cash sources. To suit your needs, stockpile as much as possible.

If you’ve been laid off, you can begin filling out the paperwork for unemployment benefits the next day, if its available in your country.

It will take time for you to get through this. Start taking these critical steps right now, and you’ll be much more prepared for tomorrow.