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By Brenda L. Peterson, The Layoff Lady About The Seven Layoff LessonsThrough my seven layoffs and many conversations with others in post-layoff career transition, I have learned seven core lessons:
About Layoff Lesson Five: Help People Help YouLife is challenging when nothing out-of-the-ordinary is happening. It's even harder when you're going through an unexpected job change. While I'm a fan of self-reliance, I also know how important it is to find your people and support one another as you go through challenges. You're not weak for needing people. You are strong because you know the value of building and leveraging relationships to help get you through trying times. I have found that people genuinely want to help. In many cases, though, they might not know what you need. Not only is it vital that you seek out help when you need it, but you need to figure out what type of help you need. One Career Transition RevelationHere's something that might surprise you. When you tell people that you're looking for a new job, this is when you will discover that many people don’t know exactly what it is you do for a living. Instead of being taken aback that they don’t know, use this as an opportunity to learn how to tell them what you want and need during your career transition--and it's much more than just a new paying job. Figure Out What Life Help You NeedFirst off, you need to figure the types of life help you might need:
Figure Out What Job Search Help You NeedIn addition, you need to figure the types of job search help you might need:
It Takes a VillageOnce you have a better idea of what you need, make sure you don't expect one person to fill all of these roles. Think about who could help you in each area and reach out to them. Leveraging Your Professional NetworkLinkedIn is my goto tool for building and managing my professional network. It's importan to make sure your LinkedIn profile represents you well, and that you showcase your experience and the value you bring to others, and to a new role. There is also an art (and a process) to asking people in your professional network in a way that is mutually beneficial. For The Whole StoryFor all the information on each of the seven lessons pick up a copy of my book Seven Lessons From Seven Layoffs: A Guide.  Learn More
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By Brenda L. Peterson, The Layoff Lady About The Seven Layoff LessonsThrough my seven layoffs and many conversations with others in post-layoff career transition, I have learned seven core lessons:
About Layoff Lesson Four: Shape and Share Your StoryNow that you’ve determined what you want in your next role, your new challenge is learning to tell your story. This includes telling the overall story of who you are professionally and the value you bring. To this end, you'll use a few key documents to summarize what you do, highlight your core accomplishments, and persuade that employer that they should spend more time learning about you. Your Job Search ToolkitYour job search toolkit is the collection of information you need to showcase your value to a potential employer. Each item in this list helps you share a part of your story during the hiring process.
Your What I Want StatementBased on what you learned during your Structured Soul Searching, the next step is writing a clear and concise “What I Want Statement." This statement can help you as you review job openings and prioritize your applications to those that most closely align with your goals. This statement can also be repurposed when letting other people know what jobs interest you the most. Your Professional SummaryIn addition to your “What I Want” statement, you also need to be able to tell your career story. Your professional summary is that paragraph of quick-hit information that starts to outline who you are, your qualifications, and what you bring to the table as a candidate. This statement can also be repurposed when letting other people know what jobs interest you the most. Your Interview AnswersThe same stories you use in your resume to showcase your skills and the results they generate can also become the answer to commonly asked interview questions. Instead of answering with no plan and hoping for the best, you can use a model, like CARL or STAR, to structure your answers and get to your point more quickly. For The Whole StoryFor all the information on each of the seven lessons pick up a copy of my book Seven Lessons From Seven Layoffs: A Guide.  Learn MoreBy Brenda L. Peterson, The Layoff Lady About The Seven Layoff LessonsThrough my seven layoffs and many conversations with others in post-layoff career transition, I have learned seven core lessons:
About Layoff Lesson Three: Ask Yourself, “What do I want to be next?”Few people take the time to step back from their work life and think, “Is this really what I want to do?” When you go through an unplanned job change, seize this rare opportunity to revisit your career path. Take time for a little structured soul searching and actively decide what you want both long-term and in your next job. An Opportunity For Self ReflectionWhile it’s hard to take the time to reflect when you’re busy living your life, a layoff means the pause button has just been pushed on your career. This may be your once-in-a-lifetime chance to reassess your current situation and think about what you really want from your work life. What Do You Want To Be?Adults often ask children, "What do you want to be when you grow up?" As an adult, especially in a time of transition, it's valuable to pause and ask yourself that question once again. Once that good enough job is no more, its an excellent time to dedicate some time to figuring out your longer-term career goals. After you identify what you'd like to ultimately do, it's valuable to answer the question, "What do I want to do next?" Being able to describe the details of your desired next job will help you find the next right role for you. Structured Soul SearchingThe structured soul-searching process involves reflecting on many areas of your life, including what truly matters to you, your natural ways of working, your skills, and your interests. This process includes identifying your personal values, finding out and naming your strengths, gathering information on what you like to do at work, and identifying your desired salary. This process will include connecting with previous coworkers to discuss their observations, reviewing job descriptions for skills that appeal to you, researching compensation information, taking online assessments, and making time for personal reflection. This process will help you establish what type of new role would be the best fit for you at this point in time. Prioritizing What Matters To YouOnce you reflect in a few different ways, it’s time to gather what you’ve learned and use that to put together your preferences list for the job you want. You'll think through your preferences regarding work logistics, salary, benefits, employer characteristics, and the day-to-day job and determine what matters most to you. You can also revisit your target job profile and adjust it as your job search continues. As you move through your job search, you'll learn more about what you really want (and what you really don't want). You'll continue to fine-tune what the right next job for you is so you can focus your job search efforts accordingly. For The Whole StoryFor all the information on each of the seven lessons pick up a copy of my book Seven Lessons From Seven Layoffs: A Guide. Learn MoreBy Brenda L. Peterson, The Layoff Lady About The Seven Layoff LessonsThrough my seven layoffs and many conversations with others in post-layoff career transition, I have learned seven core lessons:
About Lesson Two: Keep Your Mind on Your Money (and your money on your mind).Most people work to pay their bills and afford the life they want. Unfortunately, when your job ends, so does your main income stream—and possibly your health insurance, too. Making the right short-term changes can help you weather the storm while also minimizing long-term financial repercussions. Let’s look at a few key components of this lesson. Post-Layoff ChangesAfter a layoff, many things in your financial life change. Now, you don’t know when your next paycheck will arrive or how much it might be. However, you do know that you need to figure out how to survive financially from now until that unknown future date. As you wrestle with uncertainty, you need to research options, run the numbers, and make the right decision for your household. New Financial GoalsNext, it’s important to adopt new interim financial goals. Now, the focus is not on getting ahead or progressing toward larger goals. Instead, your overarching goal is to live through your period of unemployment until you are gainfully employed again with as little long-term financial trauma as possible. Career Transition Income SourcesWith your day job gone, chances are your core source of income just evaporated. Instead, you’ll get one last paycheck. Your check may be a little larger than usual if you get a vacation payout and a little bigger still if they don’t deduct anything for the benefits you won’t have anymore. Depending on your situation, you might also get a severance payment—which could be any amount between a fat lot of nothing and the equivalent of several months of income. In most cases, when your job ends due to a layoff, you will be eligible for unemployment insurance (UI) benefits. UI replaces a portion of your employed income—which will most likely be significantly less than your previous paycheck. There are multiple ways to help fund your life varying from good to decidedly bad ideas. These could include using your savings, taking on short-term work, or incurring additional debt. Career Transition HealthcareWhile you’re working, your health insurance has a pretty good chance of being connected to your day job, and your employer may even pay a portion of your costs. When your job ends, you have a lot of decisions to make. You can continue your current health care coverage with a significantly higher cost, usually referred to as COBRA. If possible, you could become a dependent on someone else’s coverage or find a plan on Healthcare.gov. Alternatively, you could enroll in a lower-cost short-term health plan or find other ways to pay for healthcare costs. When it comes down to it, it’s essential to consider the short and long-term implications of your healthcare decisions—especially since having an unexpected health expense can cause severe financial hardship. Career Transition ExpensesUnfortunately, while your regularly scheduled income goes away, your expenses generally do not. Now, it’s more a matter of adjusting your priorities and seeing what you can do to streamline your layoff survival budget. When times are tight, you will need to make more calculated decisions regarding where you spend money. Line items like rent, car payments, and utilities may be non-negotiable, while you may need to pare down what you spend on non-essential expenses like entertainment and restaurants. As you work to minimize expenses, this is another area where making shortsighted decisions can cause long-term problems. You also need to make sure you still take part in activities that make you happy, even with less discretionary income. When Income and Expenses Don't Line UpOne of the harsh realities of career transition is that your current income may be significantly lower than your outgo. In these cases, you may need to take on additional work or incur some debt. If you can’t pay your bills, contact the company and discuss options. While it can be humbling, it’s better than damaging your credit score, which can negatively impact your financial life for years to come. For The Whole StoryFor all the information on each of the seven lessons pick up a copy of my book Seven Lessons From Seven Layoffs: A Guide. Learn More |
Author7-time layoff survivor Brenda L. Peterson, The Layoff Lady, waxes poetic on layoffs, job transitions, & career resilience. Buy The Book!
Were you recently laid off? Need a roadmap for what's next? Or planning just in case? Check out my book, Seven Lessons From Seven Layoffs: A Guide!
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