Many people are probably worried about their jobs. It’s a tough market out there, and if you were to lose your job, what would you do next?
The good news is there are some significant steps you can take to get everything back on track, and even if you think your job is safe, it’s wise to know what those steps are because, in the end, the future isn’t something you can predict and anything can happen. With that in mind, here are some things you’ll need to do if you lose your job.
Table of Contents
Take A Deep Breath
If you get fired or made redundant for any reason, the first thing you’re likely to do is panic – you won’t have a job anymore, and you’ll be concerned about all kinds of things, from paying your rent to your career in the future and much more. That’s why you need to take a moment to gather yourself and take a deep breath. Or take a lot of deep breaths, slowly and calmly, because you won’t be able to do anything else until you can think straight.
Instead of being completely taken over by fear and despair, try to use the first few days to reassess and reevaluate your life and career – this could be the catalyst you need to look at other options, but even if you do decide to stay in the same sector, that breathing space will help you prepare to find your next job.
Look At Your Finances
The most worrying part of losing your job will always be money – let’s face it, most of us wouldn’t be working if money wasn’t necessary. So that’s why one of the first things to do once you’re calm is to look at your finances and see how much you have in savings. You’ll need to use that to live on until you find a job, and that could mean cutting back quite a lot, but it’s far better to know about it than to pretend there’s no issue and run out quickly.
If you don’t have any savings, you might be tempted to take the severance package you were offered, but that’s not always a good idea. Speaking to an expert regarding your severance agreement is wise to ensure it’s fair before you agree to anything. In the meantime, talk to anyone you need to pay and let them know your situation – a lot of the time, you’ll be able to work something out.
Taking those two or three days after you first lose your job is essential to help get your head in the right place to move forward, but don’t take too long because the sooner you start job hunting, the sooner you’ll land a job and stop worrying.
Update your resume and LinkedIn profile (this is especially important if you’ve been working in the same place for a long time and haven’t even looked at these things for years), and make sure you do plenty of networking – speak to your colleagues and friends and see if anyone knows of any positions you’d be suitable for.
This is also the ideal opportunity to use your new spare time wisely; you could get further qualifications or brush up on your skills to become the perfect candidate for your next role.