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Losing our job and our main source of income is something we all dread. With the exception of health problems, it’s one of our worst case scenarios. But it’s not the end of the world. There are simple steps you can take to minimize the damage and get back on track.
The first concern is how you’re going to pay the bills. So you will need to get your finances in order. If you don’t have savings or insurance you can draw upon, you will need to sort out other sources of income in the short term.
Look into whether you can claim unemployment benefits. This will vary from state to state. If you have lost your job through no fault of your own, you may be eligible.
Cut out any unnecessary spending. Go through your monthly budget and find areas you can make cuts. For example, reducing subscriptions and memberships. Do you have access to a short-term loan? This may be from family or friends. Or, you could opt for a personal loan. If you have been out of work for a considerable length of time, you may decide that you need a significant amount of cash. You may, therefore, consider selling your property.
If you’re out of work, now is the time to update your resume. Add your latest employment details and focus on achievements. Prospective employers like to hear about how you have made a difference or improvements. Proofread it carefully and ask a friend to look over it for you. If you have a blog, you should create a beautiful Media Kit. If you use a simple media kit template like these, you look more professionally = more success guaranteed!
Spend some time registering with recruitment agencies in your area of work. Explain your situation and go through your employment history. They will match you with potential employers. They are also skilled in promoting your skills and achievements and will present you in the best possible light.
In addition to registering with recruitment agencies, make sure you register with online job sites. Many websites will send you updates depending on your preferences. Go through them daily and apply for as many relevant positions as possible. Make sure you adapt your resume depending on the position. Tailor it to the person specification.
If you’re looking for a remote job, I strongly suggest you sign up to my Wanderlust and Company job board, I match wanderlust explorers with the best jobs done via the big web! I post jobs too, but if you register I know directly what you’re looking for!
An ever-increasing number of employers are using LinkedIn to hire staff. Therefore, if you don’t already have one, it’s worth setting up a profile. Carry out a little research beforehand and look at people with similar roles. Use their profiles as inspiration and make sure you can compete. You can also search LinkedIn to find suitable vacancies. It is a rich source of opportunities. In my course, $5k in 21-days I have one whole lesson about leveraging Linkedin, so join the challenge now!
Losing your job isn’t the end of the world. Granted, it’s a blow and can leave you vulnerable and unprotected. However, if you act quickly and take steps to minimize risks, you will be up and running again in no time.