You watched the economy tank but thought you might be immune from the economic upheavals.  Then you received that dreaded pink slip. While you are reeling in disbelief, here are some things you need to consider (after all, a quick turnaround should be your goal):

• Don’t take it personally. Job loss is generally related to economic instability and probably has nothing to do with your performance or abilities. Companies must figure out how to weather lessened demand and still survive. And since labor costs constitute the largest entry on most companies’ expense sheets, downsizing the workforce makes economic sense. After the initial shock, try not to let it eat at your self-esteem.
• Don’t overreact and panic. While job loss is scary, remind yourself that it isn’t the end of the world. Breathe deeply, start strategizing, and create a plan to move forward.
• Cut your finances and tighten up. Practicing sound personal finance is important at all times but critical with a job loss. Slash unnecessary recurring expenses (cable TV, dinners out, Starbuck’s $4 lattes). Make a budget and determine how long you can go without borrowing.
• Keep up your network connections. Join LinkedIn, find a “Job Club*” support network, and create a critical alliance of friends and professional relationships to advise you during this process. You need solid “know-how” and expertise involved in the search, or you might flail about for months.
• Job hunt with method and purpose.  The shotgun approach seldom works. It is simply a random act that deludes the job seeker into thinking that he/she is applying for everything available. Take your time and explore companies.  Undertake informational interviews about companies and industries. Strategize and be purposeful in job-related activities.  Follow your strengths.  And, if you haven’t done so already, check out the ApplicantSearch Profile XT http://utahalumni.applicantsearch.com/
• Be flexible.  Are you willing to move to a better market that fits your skills and expertise?  Are you in a career field that is losing ground? Is this the time you might need to retool and learn additional skills to advance your repertoire and range?  Read Johnny Bunko: The Last Career Guide you Will Ever Need by Daniel Pink.
• Consider becoming a consultant.  Have you wanted to be more independent or entrepreneurial? Depending on your career, freelance consulting may be a viable option. It could provide some temporary income while you look for long-term employment.

Call me!  Julie Swaner, career coach for over seven years, is available by phone. Call (801) 585-5036 to get an overview of our services. Remember: a professional career coach can help create more effective job search strategies that can enable you to find a job more quickly.

Return to home page