You're Fired; Now What?
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While the overall unemployment figures are trending down, layoffs are still a very real possibility. Here are steps to take if you’ve been laid off. Yes, it's time to create a new possibility!
Transcript of You're Fired; Now What?
- Now What?
- And I know how it feels
- T a deep breath ake
- Its not the end of the
- Create a New World ofPossibilities
- One Remain Professional to Others
- Layoff is not an excuse tofinally giveeveryonea piece ofyour mind.
- Dont film a dramatic exit to post on Y ube. ouT
- This is a tough time for everybody , even people who didnt lose their jobs.
- Dont contribute anyadditional negativity.
- Two Stay positive to yourself
- This also isnt time fornegative self-talk
- Maybe you regret not starting a job search sooner or not savingmore money.
- Dwelling on whatmight have been is not going tohelp you and will in fact fueladditional anxiety and frustration.
- Think ofobstacles you haveovercome in the past to focus on things that will give you confidence.
- Three Negotiate your package and end date
- Severance Packages are oftennegotiable
- Pay attention to your end date,because this determineshow long you have insurance,how much of your retirement account vests,or how much paid time off you accrue.
- Pay attention to your end date,because this determineshow long you have insurance,how much of your retirement account vests,or how much paid time off you accrue.Dont feel like you have tosign anything right away
- Make sure you understandyour packageand dont be afraid to ask Questions
- Consider lateral transfers, both permanent &Four temporary
- Y department might be laying off staff, our but other areas might be growing.
- Dont forget toconsider subsidiaries orjoint ventures of youremployer .
- Ask aboutconsultingopportunities
- Sometimes a department doesnt have permanent headcount but they have a consulting budget andthey could benefit from having someone who already knows the internal ropes.
- Five Prepare your story to explain what happened
- When there is a large layoff that makes theheadlines, its easy to summarize your story.
- But for lesser-known restructurings, you will have to explain to your network and prospective employers what happened.
- A concise story will do
- A concise story will domy department was restructured
- A concise story will domy department was restructured my role was split between two more junior hires
- A concise story will domy department was restructured my role was split between two more junior hiresmy area moved to headquarters
- A concise story will do my department was restructured my role was split between two more junior hires my area moved to headquartersMake sure your story matches what yourmanager or any references will say about your departure.
- Six Collect contact info for when you leave
- Dont forget to getpeoples permanentcontact information.
- They may get laid off after you so dont assume their current company information will last.
- You will not have access to your office equipment,including an employer-provided cell phone, so make sure you have contact information in your personal files.
- Seven Leave on a positive note with your manager colleagues , and HR.
- When you do finally exit, dont forget to thank everyone.
- Even for people who didnt lose their jobs, they may feelguilty, anxious that they could be next, or overwhelmed by the plight of their departing colleagues.
- Yourgraceful exitwill reassure them that you have the confidence to persist and may turn a neutral colleague into an advocate.
- Eight T time to assess and ake reflect.
- This is a big change so dont feel like you have to go from your job to your job search right away.
- Nine Run the numbers on your cash situation.
- That said, dontunderestimate the time it will take to search.
- You are coming into the job market along with thousands of others.
- You might not have looked for a job in years.
- Now that you know your severance package,calculate how much time you have for your search.
- Ten Launch a proactive, thoughtful job search.
- Dont just blindly send resumes in afrantic attempt to find something.
- Yes, you want to find a job, but you also want to find the right job.
- What is the right job right now?
- It might be a temporary one for cash flow.
- It might be a lateral moveto learn some new skills.
- It might be moving toa different industrythat has alwaysinterested you.
- The silver lining of a layoff is that youhave this opportunity to find a new job.
- Would you take yourold job all over again?
- If so, then you know to look for the same industry, functional area and type of company.
- But if not, then explore what would be abetter choice this time and execute your job search to find this better job.