In today’s profit-driven business world, layoffs and downsizing can happen to anyone at any time, regardless of the economic climate. Companies are continually seeking to streamline business operations and save money, even during good times. Being prepared can make all the difference in how job loss and unemployment affects you.
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While you are still employed, update your resume or CV. If you have held a position for more than a few years, your resume needs to be updated anyway. This is especially important if it’s been more than 10 years since you last looked for a job. Focus on your achievements and transferable skills that can make you eligible for different positions or industries.
If you need to complete a degree or complete a professional certification or license, start working on it while you are still employed. Take advantage of your employer’s tuition assistance if you can. While unemployment may provide you with the time to focus on your studies, the stress of unemployment and job hunting while going to school can make the situation more difficult. Also, in some states being a full-time student could affect your ability to receive unemployment benefits.
If you feel layoffs are in the future, don’t wait until the last minute to ask people for references. Ask potential references if you can use their names, and gather letters of recommendation if possible. Once you are unemployed, you may find it difficult to reach people, and they may feel uncomfortable contacting you. As difficult as it might be to lose a familiar job and colleagues, always stay positive and never speak poorly about the employer or the situation.
