US economy seems to be heading toward recession despite all the efforts by the White House and Federal Bank (recently announced interest rate cut). Government is trying to push more money into the economy to keep the economy going on but the stock market is heading south and investors are facing heavy losses and companies are planning to cut jobs in coming quarters.
It will not be surprising that when you go to office next day, you see a letter and asked to leave the office immediately. This is not something surprising and we don’t have secure jobs anymore and many people have no interest in having secure jobs (because they used pay less and still they were not 100% secure.) When insecurity is the truth of the job what to do? My answer to this is to prepare for the layoff and act as if you trust that you can be fired any day. Following of the tips will help in taking the layoff letter easily
Keep finding your value in the market: I knew many of the guys who keep going for interview even when they don’t want to change the job. It helps them in two ways. First, they know what the demand in the market is. Second, it let you know how much you worth in the market so that you can bargain with your current employer during the appraisal for the fair market price.
Keep your credit cards history clear: Though credit cards are evil of the modern day economy but they give you more than 50 days credit life to live on. If you have multiple cards you can use them smartly to live for almost 2 months during crisis days.
Keep some money in reserve: It will be great if you have got some money in reserve for the heydays. You may need it more medical, travel, rent, food or anything and it is very difficult to borrow money from someone when you are out of job.
Keep your skills updated: Keep brushing up your existing skills. We don’t use our all expertise in routine jobs and may need to brush up for the interviews. Apart from these keep some secondary skills in your toolkit to make some immediate arrangements.
Keep numbers of contacts in your diary: Some of your friends will help you in finding job during bad days. It only needs a phone call to your friends around the city and some of them will surely come to help you in finding a job.
Don’t take this personal: Very few like to fire their employees so if you are one of them, don’t take this personally there might be some compelling reasons to fire you (first others might be in line as well). If the economy bounds back they might like to hire you back so don’t break the personal and professional relationships if it is not urgently required.
It will not be surprising that when you go to office next day, you see a letter and asked to leave the office immediately. This is not something surprising and we don’t have secure jobs anymore and many people have no interest in having secure jobs (because they used pay less and still they were not 100% secure.) When insecurity is the truth of the job what to do? My answer to this is to prepare for the layoff and act as if you trust that you can be fired any day. Following of the tips will help in taking the layoff letter easily
Keep finding your value in the market: I knew many of the guys who keep going for interview even when they don’t want to change the job. It helps them in two ways. First, they know what the demand in the market is. Second, it let you know how much you worth in the market so that you can bargain with your current employer during the appraisal for the fair market price.
Keep your credit cards history clear: Though credit cards are evil of the modern day economy but they give you more than 50 days credit life to live on. If you have multiple cards you can use them smartly to live for almost 2 months during crisis days.
Keep some money in reserve: It will be great if you have got some money in reserve for the heydays. You may need it more medical, travel, rent, food or anything and it is very difficult to borrow money from someone when you are out of job.
Keep your skills updated: Keep brushing up your existing skills. We don’t use our all expertise in routine jobs and may need to brush up for the interviews. Apart from these keep some secondary skills in your toolkit to make some immediate arrangements.
Keep numbers of contacts in your diary: Some of your friends will help you in finding job during bad days. It only needs a phone call to your friends around the city and some of them will surely come to help you in finding a job.
Don’t take this personal: Very few like to fire their employees so if you are one of them, don’t take this personally there might be some compelling reasons to fire you (first others might be in line as well). If the economy bounds back they might like to hire you back so don’t break the personal and professional relationships if it is not urgently required.
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