Layoff Recovery

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Layoff Recovery

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Layoff recovery

Getting laid off from your job or even worrying about a layoff can turn your life upside down. Here are eleven strategies, far beyond polishing your resume and taking advantage of company and government unemployment benefits, which will help you survive a layoff and come out the other side.

  1. Allow yourself time to mourn the job loss.  Our jobs are often a large part of our identities and losing the job challenges who we think we are.  A typical mourning process may follow these steps: denial, anger, bargaining, depression and acceptance. Recognize when you are in mourning and work your way through it.  Do what you can to get to acceptance.  You probably will not like the situation but when you accept it, you open the door to putting more energy into recovery.
  2. Be honest with yourself and others.  This is not your fault.  You got caught up in layoffs just like hundreds of thousands of others every year.  Hiding the facts just makes it harder to follow through on recovery.
  3. Focus on the positive.  Work to keep a positive attitude with yourself, your family, your friends and your network.  Everyone knows you have every right to be upset but you will get more of what you concentrate on.  Concentrate on the good things you still have in your life and strive to create more.  One tactic is to create a list of all the good in your life and all the good things you have done.  Keep this handy so when your spirits fall, read the list.  It’s better than coffee to perk up your self-esteem.  Your attitude, good or bad, shines through.
  4. Make layoff recovery your new job.  Use the time you have to work on finding a new job into a job.  Start by just making a plan to get through one day to the next and then develop it into a detailed plan that engages all your resources to take you where you want to go.
  5. Look for new opportunities.  If you are like 75% of people, you may have been deeply dissatisfied with your job at some point in time.  Consider what you want to do differently and use this as an opportunity to try to find something that better suites you.  The fact is you are being forced to change.  Try to capitalize on that.  Be cautious, however, of trying to completely reinvent yourself.  It takes time to build skills, experience and a resume that you can sell to potential employers.
  6. Invest your new “free time.”  Now that you are not working, you may be uncomfortable with 8 to 10 hours of time that was previously filled up with work.  This can be both boring and distressing.  A good way around this challenge is to make a plan to use your time in ways that will take you closer to reaching your goal of a new job and are enriching to your mind and soul.  Make time an asset and invest it well.
    1. Set aside 1 to 8 hours a day for job hunting: this is you new job so work at it – make sure you are moving forward on your plan
    2. Take on part-time work:  don’t be afraid to supplement your income with jobs related to your profession or even those that you normally would not have considered
    3. Invest in education:  read a library book or go back to school
    4. Donate to good causes:  helping others is a great way to help yourself – donate your time and skills - volunteer
    5. Do some things that are enjoyable:  enjoy friends and family or do other things that are both enriching and enjoyable.  Just don’t spend money.
  7. Mind your money.  The loss of income is second only to the potential loss of self-esteem with a layoff.  One of the great challenges of a layoff or other job loss is that you probably have no good idea of how long you may be out of work.  Yes, some will infringe on your lifestyle but look at this as an investment in avoiding bigger financial problems.  Here are three things to do monetarily to try to reduce the stress of lost income:
    1. Cut expenses drastically:  no more lattes, stop the cable, sell the big car, eat at home, etc.  There are at least 30 things in your life that you can trim.  Make a list.
    2. Replace income: beyond unemployment, work whenever and wherever you can.  Use your job and life skills to find work.
    3. Stop losses:  cut out waste in your life.  Recycle and reuse.
  8. Network, network, network.  This is part of your new job.  Every day you must make contact with at least one person.  There are some great strategies for networking so hit the library and the net and read about how to do it effectively.  Networking well is a skill.  The more you learn about how to do it, the more effective it will be for you.
  9. Talk with your friends and family.  It may be tempting to withdraw from the people who are close to you but this is the wrong thing to do.  Let them know that it does bother you but that you are committed to making the best of it and you will appreciate their help and support.  Keep them informed, as appropriate, on your job search.  You never know how they might be able to help you beyond providing moral support.
  10. Accept the need for change and compromise.  The only guarantee you have right now is that nothing will ever be the same.  You may actually come through this with a better job and a better life but it will be different.  Be willing to let go of the past in favor of the future.  Understand that sometimes it is almost impossible to meet or exceed the old salary and working conditions.  Consider the stage of life you are in and use your best judgment when making new life and job choices.
  11. Persevere.  Perseverance may be hard to come by at times but going on is a demonstration of a good work ethic and commitment.  Even in the later days of a long search you can point out how hard you are still working and how that will help your prospective employer.

Layoff recovery summary

Layoff lay off, downsized, fired, rightsize, reduction in force, severance, mass layoffs, and a pink slip: they all add up to personal job trouble.  Recovering from a job loss begins and ends with what and how you think about yourself.  Your job is what you do not who you are.  Apply these strategies to make the best of this bad situation.  Yes, it’s work but getting a pink slip is does not have to be the end of the world…it just feels like it sometimes. 

Steven C. Martin

Business Solutions – The Positive Way

www.profitpro.us  

About the author:  Steven Martin is the president and founder of Business Solutions – The Positive Way a consulting firm that focuses on company profitability.  His new book “Instant Profits” Making Your Business Pay” is written for small to medium- sized businesses that may be hurting from increased costs and slowing sales or want to avoid those problems.  He walked out on a toxic boss on July4, 1997 and has been independent ever since; having reinvented his career from engineer, manager and executive to consultant.  He completed his M.Sc. in Creativity and Innovation in 1999.

Resources for layoff survival

Employment & Training Administration

U.S. Department of Labor

Human Resources Downsizing Strategies

How to Survive a Layoff

Pink Slip. What's Next?

Day Job Killer idea e-book

ProfitPro.us

Computer Training Online

Cost Reduction & Profit Improvement
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