Laid Off Action Plan

When a lay-off happens – whether it is a surprise or not – people have a tendency to go through most, if not all, the 7 stages of grief. You often start with shock and denial and then quickly move to pain, anger and depression. Because the process of being laid off is so emotional, having a solid action plan is essential to survival and rebounding in these types of situations.

You can either plan for a potential lay in the future or ensure you are reacting in the best possible way to an ongoing reduction in force using the following action steps. These are in no particular order, as everyone has different needs during this type of situation. However, if you cover all these bases you will be well on your way to a successful transition into the next phase of your career.

Assess Your Financial Situation

You will need to have a clear understanding of where you stand financially to know just how long you can survive being unemployed. The stress of how you will survive financially should be addressed first, so that you can alleviate what will most likely be your biggest concern. Evaluate your expenses and determine where you can cut costs until you are employed again. Experts say you should have a 6-month emergency fund saved at all times so that you are financially prepared for these types of situations.

Update Your Job Search Documents

Throughout your career, whether you are employed or not, I implore you to keep your resume and cover letter updated and current. This proactive approach is often the difference between being able to start the job search immediately and starting it a week later. Standards, job search methods, and resume styles change. Keep your knowledge current or employ the services of an expert who can help you.

Reach Out To Your Network

We are often embarrassed to admit that we have been laid off. Chances are, in the economic times of the last few years, you or someone you know very well has experienced the situation – maybe even multiple occurences. Let everyone in your network know of your new availability, clearly state the type of position you are looking for, and let them know what kind of assistance you need.

Identify Your Local Resources

You would be surprised at all the free resources that are available to laid off workers. Check with your local Workforce Connection One Stop Career Center. These services are paid for by your tax dollars and offer a wide variety of career services, training assistance, and job search support.