The news is rife with stories of companies downsizing in a big way. And yes, it is scary. Losing your job is hard; it is a traumatic experience. It is a threat to one’s mental health and self-esteem.
There is no quick fix to overcome this very unfortunate and tremendously stressful situation, and it takes some time to recover from it. Yet bouncing back is possible. Here are some tips to help you do just that.
1. Think beyond 9 to 5 jobs
Most of us are caught up in finding full-time jobs. It’s not mandatory to have a routine 9-5 job to make money. Look for part-time jobs and freelancing work. These can give you long-term employment, good money and the time you want for yourself.
Layoffs are hard and can be stressful. Don’t panic. You are not alone. If you find it difficult to manage please reach out to mental health experts or career coaches and seek help.
2. Be open to diverse employment opportunities
Be open to different industries and positions. Skills are transferable to various industries. List down your strengths and weakness and explore where your skill areas can be used best. If you are confident about your skills, you can flaunt them in front of recruiters. You can impress them with the things you can do and the potential changes you can bring.
3. Increase your visibility in job portals
Increase your activity on job portals and social media that can fetch you a job. Start networking with people in the field that you’re interested in. Reach out to ex-colleagues and friends. Attend relevant workshops and seminars to learn new skills, to meet new people and to stay updated with the latest trends.
4. Manage your finances
Watch your expenditures. See if you can cut back some of your spendings. Let your family know about the situation. Lying will only cause you more stress. Be fully aware of the benefits you can claim (Provident Fund, severance pay etc). If you have any savings and/or fixed deposit, see if they’re sufficient to sustain yourself until you find a new job. Don’t panic! Stay calm and manage your finances wisely.
5. Look at the positive side of it
It could be an opportunity to try the career options you always had your eye on. Most of us stick with our jobs for too long because then we’re within our comfort zone—oh what a devil that is. We find it difficult to move on to something more interesting just to avoid the extra effort. Also, we may fear the uncertainty of the outcome. A layoff can be an opportunity to start afresh. It is the time to look at your varied interests and explore new career options.
6. Give yourself some time to grieve
Before you jump into another job, take some time to grieve. You need time to process what happened, and understand how you feel about it.
Don’t deny your loss. Don’t suppress it. Give yourself the time and space to get your mind around it and over it. Feel like sitting and sulking or gossiping or cursing for a while? Go ahead, vent it out. Get everything out of your system completely.