Author:
• Tuesday, November 03rd, 2009

With the current economic crisis, many companies are going through major lay-offs, it’s a scary time for everyone who doesn’t have the job security others may have. Sometimes, no matter how hard you try to work hard and go the extra mile, you still find yourself on that list. So, what do you do then? It’s devastating, and with all the stories you hear/read about the rising unemployment rates, how do you cope with these news? Here are 10 tips that could help you get through this challenging period:

1) Review Employment Contract

Ok, so you are officially laid off. Don’t leave before reviewing your initial employment contract. There may be something in there that could be missed out by HR (or for small companies, if there is no HR, the possibility of missing out on them is even higher.) Therefore, just make sure that you are receiving your full entitlements mentioned in your employment contract.

2) Non-Compete Agreement

When reviewing your employment contract, look for all supporting documents. You need to review any Nondisclosure Agreements (NDA) and Non-Compete Agreements that you may have agreed to in the past. These will help you learn about the companies you can and cannot work for as well as the binding time period.

3) Financial Plan

Develop a Financial Plan. You will need to figure out a financial plan for 3 – 6 months, and long-term plan (1 year plan.) When you have a plan, you won’t be consistently worried about not finding a job in 4 months. Figure out what you can do to stay above water until you find your next opportunity. Whether it is applying for unemployment, working part-time, selling a house, reducing rent… Have a back-up plan, so you can focus on finding the job.

4) Update Resume

If you weren’t already looking, your resume is most probably outdated. Even if the last employer is on this resume, there must be some new accomplishments that you have made and deserve to be added to update the resume. Make sure your resume portrays your work and achievements and not your job description. Include numbers, awards, products, and markets…

5) Job Boards

Don’t just rely on Careerbuilder and Monster. There are many new job boards that can be used these days. Research niche job boards, and search engines such as indeed.com

6) Social Networks

Social Networks are important for networking. In addition to LinkedIn, research niche Social Networks that could connect you with other professionals in your area of expertise.

7) Networking

Make a list of the people you know and contact them. Ask if their current company is hiring or if they know anyone hiring. Grow your Network on LinkedIn, ask about hiring managers. Join groups, ask questions, answer questions relative to your field (it portrays your expertise on the matter.)

8 ) Trade Shows

Find and attend relevant trade shows. You will find many hiring managers and possibly recruiters, present yourself and make connections. Make sure you get their business cards, so you can follow-up. They may not remember to call you back, even if they were impressed with your background – simply due to the large number of people they meet. So, follow-up with them.

9) Market Yourself

Rarely would a job opportunity come knocking on your door, you need to find it and allow others to find you. So, market yourself. Your resume should be keyword rich, your profiles online should also be keyword rich. There are many things that you could do online to improve your presence (but that’s another story – I will write something about that soon!)

10) Recruiters

Find experienced recruiters. If you are targeting jobs in a niche market, then it only make sense that you work with niche recruiters. There are many recruiters out there, find the ones you can trust and work with. Have an open relationship with them, communicate and stay in touch with them. Some recruiters, like myself, receive hundreds of emails and calls everyday, and though I try really hard to respond to each and every one of them, sometimes it is just difficult to do so in a timely manner. So, follow-up. Make yourself memorable and stand out!

For those who are in this situation, I hope you find this article helpful! Please share your experience, feel free to add any tips that worked for you.

You can add and connect with me on Facebook and Linkedin.

Good luck :)

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5 Responses

  1. 1
    Josh 

    I was just laid off… I’ll email my resume.

  2. 2
    John 

    You bring good points about reviewing contract & Non Compete, thanks for sharing!

  3. 3
    Mark E. , SPHR 

    Excellent point, I’d also like to see less typos on the resumes!

  4. 4
    Sabino Loiodice 

    I’ve been in such situation for 8 months, it’s other than pleasant, especially at age 52! I recognized myself in the tips and found out that I’d applied most of them, as a result of common sense: it worked! I just signed a contract, and I’m back at full title in my sector.
    The only tip I’d like to add: it is mandatory not to loose faith in yourself, be optimistic and maintain utmost and steady control over your nerves. A smily face increases trust by potential employers!

  5. 5
    Admin 

    Thank you Sabino for sharing, I agree with you. Keeping a positive attitude helps for sure!

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