Keep calm and (don’t) kill your boss! What to do when you lose your job

Whether you saw it coming or it knocked you for six, losing you job sucks. Aside from sending your stress levels off the Richter, suddenly finding yourself unemployed can significantly affect your finances, your confidence and your personal relationships.

While you could be forgiven for wanting to whittle away your days binge-watching Netflix, now is the time to dust yourself off and start again.

If you’ve just lost your job, here are some essentials to help you overcome this period of uncertainty and find yourself in a new and rewarding role – long before you get through a series of Suits!

Tip 1: Laugh, cry and get over it

Suffice to say, you’re probably feeling a whirlwind of emotions right now. The only way forward from here is to allow yourself a brief period of self-pity, but don’t dwell on it. Getting the boot can be demoralizing, but you can bounce back. Just ask the late Steve Jobs – you know, the guy who got fired from Apple, the company he co-founded? During his hiatus from Apple, Jobs co-founded computer company NeXT and launched Pixar Animation Studios. When he returned to Apple nearly a decade later, he brought the innovation of the iPod, iPhone, and iPad. Take a leaf from Jobs’ book and reflect on what you liked and didn’t like about your previous role, and where you want to go from here. While the financial strain of unemployment will no doubt be front and centre in your mind, try to use this time to figure out what you really want to do, whether it be a similar role for a different company or a total career change. Once you’ve got a bit of direction, you can put the wheels in motion to get there.

Tip 2: Be a tight-ass (for now!)

Even if you received a redundancy payout, it’s a wise move to reassess your budget and make cutbacks so you can stay on top of your bills while you’re looking for a new job. Curbing your spending will undoubtedly mean changing your habits and plans. You might have to postpone that trip to Bali, cut down on your morning latte and forgo eating out, but remember, it’s only temporary. Resist the temptation to use your credit card to cover shortfalls. The interest you'll have to pay will only add to your financial woes in the long run. If you have a serious budget deficit, contact your bank ASAP to discuss repayment options.

Tip 3: Talk it out

Research shows that job or financial loss can increase the risk of health problems such as anxiety and depression. Talk about issues with your family and friends, don’t bottle it up. If you have emotional support, you’ll be in a better place to deal with the financial ramifications of unemployment. Beyond Blue has put together a downloadable booklet, Taking care of yourself after retrenchment or financial loss, which is a great source of knowledge and support.

Tip 4: Keep up appearances

As tempting as it might be to lounge around in your jim-jams all day, set your alarm for the usual time you’d get up for work, shower and get dressed in your usual work attire. Mentally, the structure of a routine will make you more motivated to get back into the workforce ASAP. It’s also important to exercise and eat well; this will ensure you look and feel your best when embarking on the next chapter in your life.

Tip 5: Revamp your CV and LinkedIn profile

Before you start applying for new opportunities, polish your resume and ensure it includes your most recent role and responsibilities.  If you’re applying for professional positions, you’re going to be checked out on LinkedIn. Use this time to update your profile, making sure the information matches your resume. While you’re at it, reach out to your LinkedIn network and ask your connections to let you know if they come across jobs that would be a good fit. Lastly, line up a few referees now, so they can expect a call when you start interviewing.

Tip 6: Make yourself more marketable

Now that you have some time on your hands, read blogs, listen to podcasts and tune in to webinars to update your skills. For example, you might like to take a social media marketing class to build a stronger online presence. You could also consider volunteering for a board or not-for-profit organisation. The benefits of this are twofold – it keeps your skills fresh and makes you more lucrative to potential employers. Remember, it’s always easier to get a job when you’re in a job.

Tip 7: Keep on keeping on

After the crushing blow of being fired, it can seem like another kick in the guts to apply for job after job with no luck. You probably expected to hear back from more employers, and chances are you certainly didn’t expect the interview process to take so damn long! Try not to feel down if you don’t find a new job straight away because these things take time. To help you stay positive and keep your professional momentum, try to do a few work-related activities every day. Even if it’s just a call to a recruitment agency or a few tweaks to your CV, each move will be a step closer to your next role.

 

Category: 
Interview, Job Search, Resume

Business growth the key to ending unemployement

Investing in Australian businesses is the key to creating more employment opportunities for both the unemployed and underemployed, according to Institute of Careers CEO David Zanker.

Mr Zanker said there should be a concerted focus on growing existing businesses, in turn creating more jobs for the unemployed and leading to promotions for people who want to take the next step in their career.

“The underemployed are traditionally employed part-time but want a full-time job, or work in positions that don’t adequately reflect their experience,” Mr Zanker said.

“If we can help existing companies grow and scale, obviously they will have the capacity to employ more people and be well placed to give existing employees the opportunity to increase their hours or progress to senior positions,” he said.

“By investing in businesses it’s a win-win because you’re helping the unemployed and the underemployed, as well as boosting the economy.”

Mr Zanker said training is one of the best ways to create new and better employment opportunities – provided it is leveraged correctly.

“Thousands of people with recently acquired degrees, diplomas or qualifications are stuck in a rut because they complete their course and go back to being unemployed or underemployed for a number of months or even years.

“Undertaking a training course is one of the best ways to leverage yourself into the job market or into a promotion but you need to take the right steps when you’re doing the course to create momentum to make change.”

Mr Zanker said employees who want to take the next step in their professional life should contact the Institute of Careers for personalised, expert advice and support.

“The Institute provides high-value resources and advisory support, including free resume and cover letter templates; job-hunting techniques, strategies and technologies; work books and cheat sheets; exclusive industry insights and targeted advice for specific groups such as baby boomers and youth.

“At the Institute of Careers we believe everyone has the potential to be a manger – they just need to think like a manager in their current role by applying management principles in the job they’re in."