TargetWoman - Portal for Women
TargetWoman - Portal for Woman

Surviving a layoff

TargetWoman is a directory/portal dedicated to Women - Articles of lasting value from Hair styles to liposuction, from working women to fashion jewellery and a handpicked listing of sites of importance to women.
Search from our Articles

Print   Book mark this   Read this later   Send this   Browse by Topic   Add to Flipboard

A layoff does not necessarily mean disaster. It is possible to survive a layoff if you take charge of the situation and remain confident. You never know, a layoff can be your first step to a successful career in the future. A layoff from a company does not mean termination of your career.

Earlier, layoff meant bad employee performance or conduct. Today there can be many an extraneous factor that can result in layoff of thousands of employees. With the entire world economy reeling under a recession, it is not uncommon to hear of employees receiving the pink slip.

Layoff can be stressful. But a little planning and handling the situation without panicking can go a long way in living through this period. Managing a layoff requires not just financial management skills but also ample emotional management skills.

List of benefits an employee can claim from the employer

Outplacement benefits for an employee include:

  • Severance pay (negotiable)
  • Accrued vacation pay
  • Pension benefits
  • Overtime pay
  • Sick pay
  • Profit sharing, if any
  • Job search assistance
  • Resume building assistance
  • Administrative assistance

Dos and don’ts for people facing layoff

  • Prepare and accept the situation completely

  • Speak to your management about the various benefits you are entitled to

  • Request for a laid-off letter instead a fired letter

  • Ask for a reference letter from the company

  • Register for unemployment compensation at your local State employment office

  • Check on your continuing health and life insurance coverage, and COBRA (Consolidated Omnibus Budget Reconciliation Act - gives employees and their families the option to continue group health benefits provided by their group health plan for a limited period of time payment).

  • Do not compare yourself with others who have jobs
  • Look at the situation as a failure on your part
  • Do not hide it from others that you have been laid off
  • Do not get into a shell and neglect yourself

Surviving a layoff

Remember that layoffs can happen to anyone and not just you. In such situations you should be in a position to handle your emotional, financial and future job aspects.

Coping up emotionally
  • Stay calm and have faith in yourself. Connect with old contacts and explore options

  • Have a positive outlook, remain confident

  • Keep yourself engaged.

  • Look to your family and friends for support. Speak your heart out so that you can unburden yourself

  • Do not allow stress to overrule you. Work out and make it a point to remain physically active.

  • Set your goals clearly and work towards achieving it,however disheartening it may sound

  • Do not put yourself down.

  • Enroll yourself in a support network

Coping up financially
  • Plan on how to generate money for the next few months

  • Work out on the various benefits you are entitled for and ensure you receive all of them

Work after a layoff
  • Be proactive and start to look out for a job immediately

  • Register with various job search engines

  • Start looking at a new career. Meet up with a life or career coach and work out on the various options available

  • Try to educate yourself, pick up a course that can help you towards a successful career

  • Be open to ideas; listen to people who have hands-on experience. Check out on the various possibilities and options available as per their guidelines

  • Work for a non-profit organization until you find a job, so that there is no break in experience

Tips to survive a layoff

File for unemployment: Filing for unemployment is crucial for people who have lost their job. This is highly essential for people those who are completely dependant on their pay-check. Based on the law of the State you belong to, you can file for unemployment after a pre-determined waiting period.

Update your resume: Keep your resume up-to-date and add on skills that you have acquired recently. Post your updated resume on job board sites. Hand out resumes to people who you think can help you.

Stay connected: Collect information from your co-workers regarding vacancies they are aware of. Staying connected offers mutual support and helps in sharing job-related tips too.

Minimize expenses: Cut down on extravagant expenses.

Credit re-payment: Ensure you repay a minimum amount on your debts. If you receive any monetary compensation from your office, make sure you save it in order to repay a minimum amount on your credits every month.

Remember being laid off does not mean end of the world. Just stay clam and focused towards your goal of finding another suitable job.

When you are employed once again, remember to:

  • Pay off accumulated debts from the balance severance and emergency fund

  • No job is secure, ever-changing global scenario and economy uncertainty can snatch your job away from you, any minute. So be prepared to face the axe.

  • Build an emergency savings fund and plan and work towards your monetary independence

Portal for Working Woman - A treasure trove of information on women ...

More on Work and Career
Working Woman - Best of the web on work ethic, work spirit and latest happenings on the work scene ...
Career for Woman - For career options, interview guides and tips ...
Career Assessment - Assess your skills to choose the right career ...
Career Counseling - How can a career counselor help you? ...
Behavioral Interview Technique Tips on Interviews to land on the plum job ...

Working Options
Summer Nanny Jobs - Child care giver ...
Hedge Fund Jobs - Attractive returns on assets managed ...
Business Etiquette - Present yourself favorably ...
Personality Quiz - Insight into your personality traits and preferences ...
Online Tutoring Services - Learn from home ...
Modeling Career - Find out what it takes to be a model ...
Home Jobs for Moms - Find out some exciting home jobs for work from home and make money ...
Proofreading Services - Checking content for errors ...
Growing Mushroom - Lucrative business option ...
Effective Web Content Writing - Our guidelines for creating effective content for web sites ...
Surviving a layoff - Not the end of the world ...
Interior Design Career Guide - What makes a successful interior decorator? ...
Nursing Career Guide - Gives you an insight into various aspects of the nursing vocation ...
Real Estate Career Opportunity - Informative guide to careers in land and property management ...
Brain Injury Attorney - Examine the skills and experience it takes to take on this specialised profession ...
Mesothelioma-Attorney - Legal support for those suffering from asbestos related cancer ...
Behavioral Interview Technique Tips on Interviews to land on the plum job ...
International Women's Day Celebrations - Celebrate the International Women's Day with us ...
Medical Transcription Job - Demand for home-based transcription jobs ...
Corporate Training Jobs - Structured learning ...

Working Women Directory - Listings on Women career
Surviving a layoff
Portal for Working Woman
RSS feed for Work
Surviving a layoff