Open any disaster survival guide (for earthquakes, floods, or even terrorism) and you will see this saying: Be prepared. It's good advice that applies to job loss as well. A little planning
With some advance planning, you can minimize the time it will take to find new employment and lessen the financial consequences to your family, should you be laid off. Here are some things to do now, as you prepare for a lay off:
- 1. Take care of your network.If you owe any calls, return them now. Invite your contacts to lunch. Join a trade association today, if you haven't already. The time to build your network is before you need it.
- 2. Brush up your skills. Make yourself more hirable. Learn the latest in-demand skill. Take advantage of the many free or low-cost training options available on the Internet at www.free-ed.netor through your local community college, library or bookstore.
- 3. Update your resume. Is your resume old? Does it show you in the best possible light? Read up on how to create a resume that makes employers have to have you. For professional resume help, try www.resume.comor get a free executive resume critique from WSA Corporation at 1-800 WSA-CORP (972-2677).
- 4. Have a back-up plan. Do some research to see which companies are hiring, or in growth mode, despite the economy. Know who you would call first, if a layoff strikes.
- 5. Create a "re-employment" fund.Set aside enough money to cover living expenses and the cost of job searching. (mailing resumes, travel, etc.), so you can concentrate on finding a suitable job if it becomes necessary, without undue stress, or feeling pressured to take a position that isn't right for you.
With careful preparation, you might even turn a layoff into an opportunity to find a new, higher-paying or more fulfilling job.