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By Brenda L. Peterson, The Layoff Lady Managing Curious and Well-Intentioned PeopleOne of the hardest things about being laid off is telling other people about it--specifically fielding their uninvited questions. I'm not talking about work people or your professional network, either. I'm talking about the family friend you run into at the grocery store, that parent you went to a PTA meeting with once, and the neighbor you seldom see. Worse yet, it is interacting with a group of well-intentioned people who express their curiosity, worry, and opinions regarding your wellbeing. Here are a few suggested talking points for managing those conversations that pop up at just the wrong time. Getting Your Patter DownAfter you've chatted with your inner circle, it’s time to think about addressing this topic with everyone else. This includes people who make random comments about your situation, those who don't really know how layoffs work, and the ones who genuinely want to help but may not have the best advice. These conversations may be rough, especially if you feel vulnerable. Your goal may be to get through the awkwardness and move on to other topics. To prepare, it is helpful to know how to respond. Here are a few suggestions for talking points to get you through. Talking About Your Current State and Plans
Talking About The Job You No Longer HaveThe question: I heard you’re unemployed. What happened there! Your core message: My job ended. It is a thing that happened.
Talking About What Is Next For YouThe question: What are you going to do now? I would be freaking out! Or I’d be scared to death if I were you. Are you sure you’ll be okay? Or A person I sort of know lost their house/was unemployed for years/had to take a pay cut/never worked again. Your core message: I’m going to keep on keeping on and also look for a new job.
Talking About STILL Not Having a JobThe question: So--do you have a job yet? Or Are you STILL unemployed? Or Did that thing you were interviewing for work out? Your core message: I am job searching and something will work out.
Acknowledging People's ReassurancesThe question/comment: Don’t worry. It’ll be fine. Hang in there! You’re so talented! Your response: Thanks. Addressing Well Intentioned and/or Awful AdviceThe comments:
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By Brenda L. Peterson, The Layoff Lady Employer-Focused Career PlanningWhen you think about your career, you may think in terms of your current job title, what the company needs from you, and how your job might change based on organizational needs. This employer-focused mindset prioritizes the success of the business above all else. Often, the career planning offered by your employer is a part of their overall succession planning and focused on making sure their workforce has the skills to address anticipated future company needs. It's important to remember that the needs of a given business will change over time, as will company leaders, the market, the economy, and more. If that employer's needs no longer align with the skills you have and the salary they pay you for those skills, the company may make the business decision to "go in another direction." The end result may be them finding someone else to do the work they need done regardless of the skill set they encouraged you to develop. Your New Mindset: Realistic OptimistIn much of life, having the right mindset makes all the difference. I choose to be a Realistic Optimist. That means I acknowledge the challenges inherent in situations and also realize that I have the power to make choices that will help me achieve a positive result--in this case, a career that is meaningful and fulfilling for me. Let's look at a few of the realities of work and your career:
Let's also look at what that means for you:
Given these realities, thinking of your work future only in terms of who is currently signing your paychecks is not the wisest course of action. Instead, it's time to shift how you think about your work life. You can not afford to prioritize an employer's needs over what you want and need from your career. It's time to give yourself a promotion! Congratulations! You are The CEO of YouLeveraging your Realistic Optimist mindset, you are now no longer just an employee doing what your current employer wants and needs you to do. Now, it’s time for you to think of yourself first and foremost as the Chief Executive Officer of your own company and the business of you. This makes you the CEO of You. As the CEO of You, you are looking for employment that is a good business arrangement for you. Just like the executive team at a company needs to make tough decisions for the organization’s greater good, you need to make decisions that are in the best interests of you and your household. Adopting this mindset will change your life. The Business of YouAs the CEO of You, it’s time to think about what success looks like for your business. What are your assets? What are your marketable skills? Which company or companies should be your business partners? When is it time for you to end a business relationship that is not working? When is it time for you to pursue a new opportunity better aligned with your life? Whereas you as an employee may feel like you do not have any options, you can't afford to think about your livelihood just in terms of what your biggest client (your current employer) needs. Instead, you need to make decisions for the good of your business as the CEO of You. One of those is determining how to protect one of your greatest assets–your ability to earn a living by leveraging your knowledge, skills, and expertise. You also want to stay mindful of all the aspects of the employment decisions you make and how they impact your overall wellbeing--including your career, physical, financial, social, and community wellbeing. Your Short and Long-Term GoalsAs the CEO of You, think about your long-term goals. Just like the company's CEO does not make decisions based on what other companies think they should do, you need to do the same. Regardless of other people’s opinions, make the right decision for you and your household. Align your next steps with your overall goals. Think in terms of preferences and priorities. Remember, too, that you’re not just the CEO of your career but the CEO of all aspects of you. If you're in career transition and searching for a new role, this means not taking “any old job” unless you decide that is the right move for you. If you're employed by an organization that wants you to learn a new skill set, you get to decide if that interests you and how you will invest your time, talents, and money to build those skills. You get to decide what is a valuable opportunity for you and decide your next steps as you work toward aligning what your employer needs and what you want to do. This also means that your business decisions may change over time as the environment changes. You can also change your mind about the right job for you if your current role has enough value for you to stay, when it is time for you to do something else, how you want to change direction, and more. Adjusting Your Business StrategyAt the end of the day, remember your role as the CEO of you and make a decision that aligns with your overall career and life goals. If that means quitting a job that makes you miserable regardless of the short-term financial consequences, you can do that. If you want to leave a job that your friends say should be your dream job, you get to make the right decision for you. If you decide to take your career in a whole new direction that others might think is too risky, you get to weigh your options and go in the direction of your choice. As the CEO of You, you are the driver of your career and your life. Act accordingly. Learn MoreBy Brenda L. Peterson, The Layoff Lady Preparing for a Positive ScenarioContingency planning is not the most upbeat topic. It's all about making a backup plan just in case something terrible happens. Instead of predicting doom and gloom, let's update our planning approach and focus on opportunity readiness. Opportunity readiness is about thinking about who you truly are, what you want your work life to be, and living into that future. When you step into that role of being the CEO of you, your focus shifts to what you want to be and positioning yourself for that success. If you've done that, you'll be able to identify what an amazing opportunity is for you--and be ready to go for it! An Opportunity Presents ItselfEven when you like your current company, position, or coworkers, sometimes you might hear about an opportunity that could be the right next step for you in your career. Here's what that might look like:
In each of these cases, you weren't actively looking for a new role. However, once you heard about the opening, you realized it might be just the thing you were looking for and found out more! Opportunity ReadinessOpportunity readiness is a part of career resilience that may not always occur to us. When people are not actively job searching, sometimes they neglect to make new networking connections, keep in touch with people they know, update their LinkedIn, or update their resume. However, these are EXACTLY the things to prioritize. Knowing what you want, staying in touch with your network, and always evolving your skills will position you to move quickly when the time comes. Your ResumeYour resume is the main document potential employers want to see. Even if someone contacts you about an opening, you’ll need an up-to-date resume to be considered. This document needs to summarize who you are as a candidate as well as your most relevant skills, work history, education, professional affiliations, and accomplishments. This is where you can shine! Keeping your resume current is a crucial first step. Including details on your current role, adding newly earned credentials, and highlighting recently used skills can help you shine. Getting a resume out the door within a couple of hours can improve your chances of being seriously considered. It's also a great way to help the person who connected you with the opportunity feel even more sure that you're a great fit! Your LinkedIn ProfileLinkedIn is your professional billboard to the working world. It is an all-purpose marketing tool where people can view information beyond your resume, see which other people and companies you may have in common, and read the content you share in your posts. When people are gainfully employed, they often stop fine-tuning their profiles and interacting with their professional connections. Taking time to polish your LinkedIn profile and posting content on your areas of expertise is a way to remind people of you and your professional value. In fact, continuing to be active on LinkedIn may very well be why someone contacts you about what might be the perfect opportunity for you. A great way to remind people of who you are and what you're good at is by posting relevant content. Sharing a picture of you leading a training session, or an article about a great new way to optimize a project will help people associate you even further with your skillset. Your Work SamplesYour work samples, often called your portfolio, are a way to demonstrate the skills you mention in your resume or LinkedIn profile. These work samples should give the hiring team an idea of your process and finished product examples. Creating a portfolio is not something that most people can quickly throw together. There are several steps, including identifying your overall portfolio goals, developing or selecting work samples, positioning each work sample to showcase your professional capabilities, and determining the technological aspects of how you might set up your portfolio. Since some employers may require a portfolio before seriously considering you for a role, pulling this together and updating it as needed can help make you success-ready. As you complete interesting projects,remember to add those to your portfolio It' s nice to have your portfolio grow and change as you evolve your skills. What Do You Think?What do you think would prepare you to move quickly on an opportunity if one presented itself? Include your thoughts in the comments. Learn More
By Brenda L. Peterson, The Layoff Lady The Value of a Backup PlanCareer Resilience is all about being ready to deal with what comes. Thinking through scenarios, or contingency planning, is one way to prepare for possible outcomes. By thinking through your next steps before you are in that situation, you can ensure that you are better prepared. When Work Is GreatWhen you’re in a good place at work, it’s hard to believe things would ever be any other way. Your boss supports your professional growth, your work fulfills you, your coworkers are amazing, and you can’t imagine a time when it could be any other way. Conversely, there are times at work when you’re less than thrilled about your situation. Scenario: It's Time To Move OnHere are a few indications that might prompt you to start to think it’s time for you to leave your current role:
Budget ImplicationsOnce you decide that you need to leave your current job, it’s important to take a look at your financial state. Your ability to pay your bills without the income you receive from that job will be a major factor in your next steps and timeline for leaving your role. If you have other streams of income, household members who can cover bills with their income, or savings that you are willing and able to spend on your core living expenses, you may consider leaving your job right away without a new one lined up. Be sure to think through the insurance implications of making a job change, too since your healthcare coverage might end with your job. You will need to determine how you will pay for any health-related costs. This could include switching to a family member's plan, finding and paying for other health care coverage, or determining how to handle possible healthcare costs outside of an insurance plan. Each of these options has a different price tag and level of risk. Act Now and Figure It Out LaterKnow, too, that if your current position is bad enough, you may decide that leaving right away is worth the financial hit you’ll take. Be sure to pause and think through the implications of potentially not having a main income stream and how you will cover your basic living expenses in that interim. Maybe you'll get a roommate, sleep on a friend's couch, or just deal with issues as they come. Regardless of what may make sense to others, you get to make the decision that is right for you. Launching a Job Search While WorkingMany people will choose to stay at their current job until they are able to find another one. This way, you’ll still have a paycheck coming in while you also search for a position that is a better fit. From a purely financial standpoint, this is often the best choice. Looking for a job while you’re already employed is a different challenge. You’ll need to get your job search toolkit together so that you’re ready to apply for opportunities as they arise. You’ll also need to juggle doing your current job while also actively searching for another role. Since finding a new job takes as long as it takes, you may have to live in this state of uncertainty for a while until something new works out. Maintaining Job Search MomentumWhen you’re working and also looking for a new position, maintaining your job search momentum can be a challenge. As you face job search rejection, you may be discouraged and not put in as much time looking for a new role. You may apply for roles only sporadically and not make much progress. You may also find that you’ll have good days and weeks at that job you’ve decided to leave. You may also have times when things are going well enough at your job that you temporarily slow down your job search activity. Then, you may have a rough week at work and renew your commitment to finding something new. Possible Contingency Planning StepsBefore you are in a position where you realize you need to leave your job, it’s valuable to do some preliminary thinking about how you might manage each of these factors. Consider doing the following to help inform your contingency planning: Your Income
Your Expenses
Your Savings
What Do You Think?What questions do you think you need to focus on as you do your contingency planning? Share your thoughts in the comments. Learn More
by Brenda L. Peterson, The Layoff Lady Interviewing for a New RoleAs a many-time layoff survivor, I have done quite a few job searches and had lots of interviews. Not long ago, I read an article about a job searcher who opted out of one hiring process. He did this after making it through three rounds of interviews and having the organization ask about arranging the next six (yes, 6) rounds of interviews. I felt compelled to share my story about one seemingly never-ending interview process. Unfortunately, like with many things in life, it took a bad experience to teach me how to make better decisions. Job Interviewing Boundary Setting is HardLet me start by taking a moment to acknowledge that this is not always easy to do. It is hard to set boundaries when you’re hip-deep in a job search, especially when you’re unemployed. The longer the search goes on, the easier it is to tell yourself that you’ll summit Everest if a potential employer asks you to as part of possibly FINALLY getting a paying job. Consider this your reminder to realize that jumping through more and more hoops doesn’t necessarily mean that you’ll end up with a job at the end of the process. Do your future job-searching self a favor and think through what your boundaries are when it comes to participating in a given company's hiring process. (We'll revisit this a little later.) The Perfect Job! (or was it...)During this particular job search, I was laid off at the end of the summer. From previous job searches, I hoped to find a new position before Thanksgiving because otherwise, it might be until February or March before I secured a new role. I was very excited when I ran across THE PERFECT JOB! It was an opening for a training director position within an easy commuting distance where I even knew someone who had connections within the organization. Lesson Learned: Don’t fall in love with a job. Even if it seems like “the perfect job,” it is not yet “your job.” Apply, and hope for the best, but keep on applying. Until you have an actual accepted job offer, it is not “your job. The Inside ScoopI met with my professional connection, and they filled me in. I learned about the organization, their clientele, their mission, the key players in the hiring process, and helpful background information. My connection even put in a good word with the organization (they had left on good terms.) I also learned that the company had some turnover in this position, so they were trying to make sure they did their due diligence and hired the right person this time around. Lesson Learned: Gather and synthesize information even when you’re excited because you found THE PERFECT JOB. This company having gone through two people in the role in a relatively short time period and being concerned about making another hiring misstep is something I heard and noted. Still, I didn't really take it to heart. In this case, the company was trying (maybe a little too) hard to hire the right person for the role. It may have also indicated something about the company or the position that caused people not to stay. My future self knows to synthesize information more carefully--and not overemphasize only the good things. The Phone InterviewsI applied, and my connection put in a good word for me. The company quickly reached out to me for an initial phone screen. Then a phone interview. Then another phone interview. Then yet another phone interview. After four phone calls—each where the new interviewer seemed excited about me as a candidate and talked about who else I needed to talk to—I started to wonder what the game plan was for this whole process (aside from their overwhelming and often stated goal of not to make a hiring mistake). Lessons Learned: In the initial phone screen or the first interview, ask about the hiring process. This includes their estimate of when this process will be over (a week? a month? 6 months?) and the critical steps in the process. Decide your boundaries and be ready to decide the number of hours you are willing to dedicate to interviewing for this role. Remember, you are interviewing them, too. Make no assumptions. Don't get so excited that they keep wanting to talk with you that you keep going, not knowing how many hoops there are to jump through. The Work SamplesIn addition to talking to different interviewers on multiple occasions, the company wanted to see instructional design work samples from me. I emailed work samples and reviewed them with a subject matter expert who was well-versed in adult education and instructional design. They complimented me on the trainer guide, videos, and job aids I had created. They told me they were impressed with my work and learned from what I told them. At this point, they told me the next step was for me to meet with the company founder. Lessons Learned: Have a portfolio online that people can access, or let people know that you are happy to review work samples (and your process) with them in an in-person or Zoom meeting. I keep my work samples online with a note that these are intended to showcase my work and that they are not to be downloaded and distributed. The Zoom MeetingsI was excited to meet the company founder, who was also a published author. In preparation, I bought and read their most recent book, researched their accomplishments, read their blog articles, and reviewed their body of work. During the interview, we had a great conversation, which included a lot of “when we work together” and “next steps” language. This meeting was followed by multiple Zoom meetings with different stakeholders (again, one at a time) explaining the next steps in this process—which they called an “in-box experience.” During this phase, I would come into their office and work for a half day. I would have a chance to interact with multiple people I would work with, including consultants and a client. This would require me to sign a non-disclosure agreement, work on a project for an actual client, and present information to a client. Lessons Learned: No matter how many interviews you have, or how much they seem to like you, remember you do not have the job until they have made you an offer and you have come to an agreement about your compensation. Remember that the goal of this process is that the employer decides if they want to work with you, and you decide if you want to work with them. Looking back, I'm frustrated with myself that I invested SO MUCH TIME with this potential employer without talking about salary expectations. The In-Box ExperienceThe Wednesday before Thanksgiving, at 8:00 am, I arrived at the company's downtown office location for my in-box experience. I brought my computer and the work I had done so far. (BTW--there was a project and pre-work that I did, which took way too long. Holy time suck.) I was told that I needed to use their computer for my work that day. During the four hours that I was there working (for free) for them, I had an in-person panel interview with people I had talked with via phone, interviewed via Zoom with a consultant, ran a project meeting, completed work on instructional materials for a client, and got feedback on my performance along the way. I had a final conversation with one of the decision-makers before ending my day. I was told I'd hear back early the following week. Lessons Learned: Determine ahead of time how much you are willing to do for a role, and when to call it. Remember, you're interviewing them, too. And, for the love of God, don't do a ton of unpaid labor for a business that is not paying you for your work product. Thanks, But NoIn the middle of the following week, I got a call. It was very brief. Thanks for my time, but they had decided not to proceed with me as a candidate. If I like, though, they would be willing to add me to their possible consultant database for future contract work. Lesson Learned: Never again. In short, I spent about 45 hours total, including about 15 hours of unpaid work that I did for the company, to end up with no job offer. Time to transition all of these lessons learned into new personal guidelines. My Fancy New Job Search BoundariesRemember the boundary setting I mentioned before? Here's where we revisit it. After going through this process (and getting mad all over again while writing this article), I am reminded of the outcome of those lessons learned for me.
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 Seven: Assess, Adapt, and Rise AboveWhen you’re searching for a new job, there are always challenges. Like with any system you put in place to solve a problem, it’s helpful to compare the actions you’ve been taking to your results. It's valuable to review where you are getting stuck during the hiring process and updating what you're doing so you can see more success. Let's look at some of the challenges you might face. Interview Progression IssuesAfter you apply for a job, your goal is to be selected for an interview. That process usually includes an initial phone screen, one or more face-to-face interviews, and then a job offer. Let’s look at possible places you might get stuck and how to evolve your approach.
Additional Job Search ChallengesEven when you have good results with your overall job search and hear back from companies on specific roles, you’ll still face challenges. Let’s look at a few:
You are the CEO of YouAt the end of the day, remember your role as the CEO of You and make a decision that aligns with your overall career and life goals. That might mean adjusting your requirements as your search goes on or holding out for what you really want. You get to decide what matters most to you and change your mind as needed. 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 MoreBy Brenda L. Peterson, The Layoff Lady Change Is The Only ConstantBusinesses are always changing. They constantly update their strategy to stay viable long-term. Changing staffing levels is one way they evolve to meet those needs. There are a few factors to be aware of that could indicate that changes to your company, and even your role in particular, might be coming. It's also important to note that the presence of one or more of these changes does not mean that all is lost. Use these indicators as one piece of data as you think about the possible future of your job with your current employer. On the positive side, changes may be good--like an opportunity for a promotion or taking on different responsibilities. Alternatively, it could mean that some jobs may be eliminated or changed significantly, which could result in positions being eliminated, layoffs, or even a company-wide reduction in force (RIF). Here are a few signs to look for that may indicate that bigger changes might be coming to your organization. Economic DownturnFrom the dot.com bubble to the 9/11 attacks to the subprime mortgage crisis to pandemic fallout and beyond, economic conditions impact the viability of individual businesses. During the pandemic, we saw some businesses boom (like video conferencing) while others struggled (like hospitality). Consequently, for organizations that were floundering, job eliminations followed. In 2022, mortgage rates rose, causing mortgage companies to streamline their operations. Now, as businesses shift gears post-pandemic, additional workforce changes may be on the horizon. This strategy may help companies realign their staffing levels to meet business needs in a cost-effective way to respond to new economic realities. Financial TroublesNot all companies are successful--even in a strong economy. Companies might miss their sales targets for a quarter (or longer) or start to lose market share to a competitor. It could be a result of a news story breaking that causes consumers to go elsewhere. Whatever the cause of financial troubles, companies need to adapt to survive. To adjust, they may start with small cost-cutting measures, like having fewer snacks in the breakroom or downsizing employee events. On a larger level, there may be hiring freezes, open positions going on indefinite hold, no raises, or skipping performance bonuses. There could even be temporary pay cuts or elimination of some benefits (like employer contributions to a retirement plan). Since salaries are one of the biggest line items companies have, eliminating staff is one way to address financial troubles that show a significant, more immediate impact on the bottom line. New LeadershipWhether a CEO or a frontline manager, leadership changes can impact an employee’s future. When a president is replaced, a VP of a critical department moves on, or a manager leaves due to personal reasons, new people fill those positions. When key staffing changes happen, it is unwise to assume your role and responsibilities are not up for discussion. New leaders typically review the current state, assess staffing levels, revisit company goals, and make changes. This may include them bringing in their own people, restructuring departments, halting unsuccessful projects, or starting new initiatives. In some cases, they may bring in one or more consultants to make recommendations—including the jobs that will continue, their scope, and who will do them. In addition, sometimes if sweeping changes are on the horizon, company leaders start to leave for new opportunities. At one point, I worked for a very large organization with approximately seven layers of management above my individual contributor position. Before I was laid off, six of the seven people working in those positions left. Sometimes leaders leaving is not the cause of the changes, but an indicator that organization-wide changes are taking shape. Ownership ChangeCompanies are always adapting to stay viable. Sometimes, that means a change in company ownership. Possibilities include mergers, being acquired by another organization, acquiring another business, spinning off from a larger company into a separate entity, or changing how the organization is funded (like moving from venture capital to private equity). When ownership changes, so does the organization. In the event of a merger, duplicate teams will combine, and some positions may be consolidated or eliminated. A company culture with very structured documented processes may be replaced by a move-fast-and-break-things startup mindset. New company values or objectives may mean that a department once considered indispensable might now be seen as costly overhead. When a new company takes a closer look at finances, they may be ready to take more immediate action on teams that seem like they are a cash drain. Regardless of the circumstances, one thing is sure. The organizations in question will determine changes that need to be made and move forward to strengthen the company—which may or may not include a job for you. RestructuringOccasionally, companies revisit their goals and decide to switch directions. For example, a call center might start expecting all agents to be able to answer all call types, then shift to having specialized teams, and then decide later to outsource or eliminate a service altogether. The work that may have been completed by two teams may now be the responsibility of one brand-new department. This may also bring in new leaders with new ideas on how to organize work optimally. Shifts take place to minimize costs or capitalize on a potentially lucrative market. Unfortunately, this also means that the job you have that was once considered essential may be deemed out of scope. Reduced ResponsibilitiesOn an individual level, changes to your job (especially if it becomes less challenging) may be a hint about the future of your role. If, at one point, you led projects, and now you are left out of crucial meetings, take notice. See if this is an isolated incident or a pattern. This may also be a downstream effect from changes elsewhere in the organization. For example, a new manager may observe you doing your (now less challenging) job and see a misalignment between the value you bring and the salary you receive. Whether this is due to a new boss who isn’t your biggest fan or one who has a former colleague they want to bring in to replace you, it’s important to pay attention. Changes in responsibilities may put you in jeopardy as the organization evolves. Company CultureDepending on company culture, the amount of voluntary and involuntary turnover varies. While some companies have employees who have been there well over a decade, others may have the bulk of their staff there for less than a year. A larger, more established company has a better chance of longevity, while a tech startup may have more people regularly coming and going. Some companies may quickly decide if an employee is an organizational fit and take action to move them out of the company more quickly. Others will have a structured (and often lengthy) procedure for attempting to correct performance before terminating. An organization’s mission, values, and day-to-day practices will influence your onboarding to a company and when and how quickly you might be offboarded if it's not working out. A Round of LayoffsThe most blatant indicator that you may lose your job is that the company has already done some layoffs. I used to think that if I was still employed after a layoff, my role was safe. Unfortunately, that is not always the case. At one of my jobs, the organization did several rounds of "quiet layoffs." The company never formally acknowledged job eliminations. Instead, I would notice that someone would be listed as "offline" in our office chat application, then later see a LinkedIn post from them saying they were looking for new opportunities. In that role, I had this experience of someone being gone about once a month for a few months. When the company released a new organizational chart, and I was on it, I thought I was safe--especially since at least a couple of people had been eliminated a couple of weeks prior. Shortly after, my position ended as well. All of The AboveSometimes, a layoff is inevitably caused by a series of events. For example, it may start as an economic downturn, followed by the company’s financial issues, then a leadership change, a resulting reorganization, and end with the company being sold. There could be layoffs at any point in this process, and it could also happen more than once. Learn MoreBy Brenda L. Peterson, The Layoff Lady Managing Job AnxietyRecently, I was at a professional development event where we shared best practices for delivering effective virtual training sessions. During networking time, I talked with a woman who had been laid off, and then called back to work for the same company (which is rare for someone working in the field of learning and development). While she was glad to be employed again, she was having a hard time being happy in her new/old position without constantly worrying about her job unexpectedly ending again. To Worry, or Not To Worry?When you've been laid off before, or just seen people around you lose their jobs, it's hard not to worry about it happening to you. Whenever you read about layoffs in the news, hear that your company's sales numbers were lower than expected, or hear rumors about a company merger, your mind might jump to conclusions. Instead of letting a wave of panic run through you each time your boss invites you to meet one-on-one, there is an alternative: changing your overall mindset. My Old Operating Modes: Either/OrEarlier in my career, I had two operating modes when it came to work: “I’m happy with my job” and “I need to find a new job right this minute.” When I was happy with my job, I did excellent work at my day job and didn't worry much about the future beyond that role. I would learn new skills for the job, but I didn't always think about my overall career trajectory. Conversely, when I knew I needed to launch a job search, I shifted away from the work I was doing and started focusing solely on taking my next steps outside of my current role and organization. Only then did I shift to developing skills applicable to another workplace, meeting more people to help me get a new job, and planning to exit the organization. My New Mindset: Both/AndI finally realized I didn't have to pick between these two operating modes. Instead, I needed to shift my overall way of thinking and adopt the both/and mindset that was also more long-term and sustainable. I started focusing on myself as a working professional and what I needed to do to succeed personally, regardless of who my specific employer was. This included focusing on my ongoing learning and development, building my professional network, and planning for contingencies. This built up my career resilience, which helped me feel more confident that I would thrive regardless of my current work situation. Learning and DevelopmentWhen people think of learning, they often focus on formal degrees, certifications, and completion certificates from instructor-led classes. While these are valuable, and often a great foundation, ongoing learning can take many forms. Whether you attend a webinar, watch a TedTalk, read an article online, or listen to podcasts on your area of interest, you are continuing your professional development. Staying current with industry trends and continuing to learn and grow helps me perform well in my current role while also allowing me to be future ready. In an ever-changing world, continued professional growth is the best way to manage whatever happens next. Building My Professional NetworkToo often, networking is depicted as a superficial act that involves making initial connections with people, then dreading the next day’s “Would you like to buy something from me” calls. I approach networking differently. My goal is to build mutually beneficial relationships with people. Interacting with these connections provides opportunities to share information, learn from one another, and help one another out along the way. I use LinkedIn to track my professional network. I connect with people I've met before and with whom I share something in common. My LinkedIn network includes former coworkers, individuals I've sat next to at in-person events, people I've attended an online event with, and professionals working in the same field as me. Contingency PlanningRegardless of my role, and even if it seems to be going well, I always have a backup plan, a backup backup plan, and then a couple more backup plans after those. After weathering many layoffs and the unique challenges of each, I have a broad sense of the situations I may need to mitigate. Those include an unexpected job loss, choosing an interim health care option, and how to launch a post-layoff job search. Here are a few steps I have taken to help prepare for possible situations:
What Do You Think?How do you help yourself not worry about being laid off? Share your thoughts in the comments. Learn More
By Brenda L. Peterson, The Layoff Lady The Value of a Backup PlanCareer Resilience is all about being ready to deal with what comes. Thinking through scenarios, or contingency planning, is one way to prepare for possible outcomes. By thinking through your next steps before you are in that situation, you can ensure that you are better prepared for whatever does come to pass. After seven layoffs, I know the importance of ensuring my financial security. Here are my best practices for preparing for a possible job loss. The Scenario: Unexpected Job LossWhat would you do if you went to work tomorrow and found out it was your last day at work? If you've never had this experience, this prospect might be almost unthinkable. Let's take a few minutes for you to think through how this change might impact your life. Here are a few key areas you would need to address. Budget ImplicationsOnce you find out your job is ending, you'll need to figure out how to pay your bills without what may be your main income stream. You would need to find out about any final money you would receive from your employer, including your last paycheck, a vacation payout, and maybe even some kind of severance package. You would also need to explore other possible money you could access to pay for your main expenses until you could find a new job. This might include unemployment payments or your savings. In addition, realize that your health care coverage might end with your job. You will need to determine how you will pay for any health-related costs. This could include switching to a family member's plan, finding and paying for other health care coverage, or determining how to handle possible health care costs outside of an insurance plan. Each of these options has a different price tag and level of risk. Budget Questions To Ask YourselfAsk yourself these questions about your current budget for your household:
Possible Contingency Planning Stepshile all of these questions might seem big and scary to contemplate, remember you're not in that situation at this time. Right now is a good time to do some research and preliminary thinking on how you might manage each of these factors. Consider doing the following to help inform your contingency planning: Your Income
Your Expenses
Your Savings
What Do You Think?What questions do you think you need to focus on as you do your contingency planning? Share your thoughts in the comments. Learn More
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