Plan for a Layoff

Why plan for your layoff?

The Department of Labor tracks layoff events.  An event is a situation where a company lays off 50 or more employees.  Unless you are a hermit, you have noticed the continual bombardment of layoff announcements in the paper and on the news.  Layoffs seem to be picking up steam.  Over the last few months the quantity of layoff events have steadily increased.

                           


Why plan for a layoff? 

In putting together a plan for your career, it's useful to consider your career from many aspects.  A layoff is one such event.  Preparation is key during such an emotional time.  Upon receipt of such bad news, your mind will be filled with so many questions, you'll hardly be able to focus on anything.  Once you get over the shock, the questions will roll in like a wave over you.  Where do I search?  Who is hiring?  Does my resume look good?  How do I prepare for an interview? Should I use a recruiter?  Do I need to update my skills?  On and on it will go.

The last thing you will want to do is to try and answer all of these questions.  It can eat up valuable time.  Time you can spend on getting back into the game.  In an effort to do just that, we suggest you plan for the layoff.  Then, if it happens, you just pull out the plan and start implementing.

Here are some of the items that should be in your plan.

Financials:
What are your income sources?  Savings, 401k, unemployment benefits, etc.
How do you get these sources in your pocket so you can use them?
Where do I get Health Insurance?
How much do you need each month?
What payments can be deferred?

Job Search:
Who are some good recruiters to contact?
What job sites are the best?
Do you have a list of close friends and business contacts?
Is my resume ready?
Who are my references?

Job Dream List:
What job would you want?
What employer would you like to work for?  Are they hiring?
What else are you qualified for?

PMA (Positive Mental Attitude):
How do I maintain a positive attitude?
What methods can reduce stress?
What methods can you use to improve motivation?

New skills:
What skills are promotable?
What do I need to develop?  How?

These are just a few of the considerations you should include in your plan.  While this takes a little time to prepare, it's best performed when there is little pressure on you.  If you're interested to learn more about this plan,  send us an email to
info@blitzteamconsulting.com.


 

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