Did you get laid off or know someone who was? Hitting the Pause Button WON’T Land Your Next Gig. (Here’s what will!)
Hey SimplVest Fam,
January’s economic reports may have left everyone with an “everything’s booming!” feeling, but it turns out there’s a plot twist. For instance, despite the U.S. economy adding over 350,000 jobs last month — a lot more than the projected 185,000– tens of thousands still got laid off as the year kicked off. And that’s just the United States alone! You can imagine how many people and families now feel like they’re stuck in a career horror movie!
With such high numbers and probably more to come, you may know someone who was laid off, and it’s never a pretty sight. We know how it feels to face unexpected job loss—like the rug has been pulled out from under you. But guess what? In this edition of the SimplVest Newsletter, we’re sharing expert strategies to help anyone who’s just been laid off bounce back, find work faster, and reclaim their career.
Take a moment to grieve: Acknowledge, Accept, and Move Forward
Getting laid off from your job can pack an emotional punch, leaving you feeling rejected and uncertain about the future. It’s okay to take a moment and grieve the loss. But keep in mind that acceptance and optimism are the keys to moving forward. Acknowledging your feelings and shifting your mindset can speed up your journey to landing a new job.
Here’s a step-by-step plan you can follow:
- Acknowledge your emotions: Don’t bottle them up. Allow yourself to feel the sadness, anger, or frustration of losing your job. Talking to a friend, partner, family member, or support group can help you process your emotions healthily.
- Accept the situation: While you can’t change what happened, you can control your response. Dwelling on the past won’t help. Accept the situation and focus on what you can do moving forward.
- Find the silver lining: Look for the positive opportunities this setback might present. Perhaps it’s a chance to explore a new career path, develop new skills, or spend more time with loved ones. Embrace the change as a potential catalyst for growth.
- Start with small steps: Don’t feel pressured to jump back into the job search immediately. Take some time for self-care and activities you enjoy. Rebuild your energy and motivation before diving into the active search phase.
Refine your search strategy: Boost Your Chances of Success
Your resume is your personal marketing tool, so make sure it shines. Update it with your latest accomplishments, focusing on recent performance reviews. And don’t forget about your interviewing skills—practice with a friend, schedule informational interviews or seek guidance from a career coach. Don’t hesitate to apply promptly when you stumble upon an enticing job opening. Time is of the essence, as opportunities can vanish in a blink.
Here’s how to get started:
- Tailor your resume: It’s not a one-size-fits-all document. Adapt it to each job you apply for. A great tip to give you an edge is highlighting the relevant skills and experiences mentioned in the description. Use keywords strategically to get past Applicant Tracking Systems (ATS).
- Polish your interviewing skills: Practice makes perfect! Do mock interviews with friends or career counselors. Research common interview questions and prepare insightful answers that showcase your strengths.
- Network strategically: Don’t underestimate the power of your network. Contact former colleagues, friends from work, and family members who can connect you with potential opportunities. Attend industry events and online forums to build new connections.
- Be proactive: Don’t wait for opportunities to come to you. Actively seek out job openings on relevant websites, company pages, and industry publications. Set realistic application goals and track your progress.
Identify the ideal position for you: Visualize Your Dream Job
Imagine waking up every morning excited to go to work. To get there, start by envisioning your ideal job. What does it look like? Is it based in an office, offers a hybrid work model, or allows you to work remotely? Consider the industry, the tasks you enjoy, and the strengths you want to capitalize on. A defined roadmap helps focus your job search on opportunities that align with your aspirations.
- Reflect on your values: What besides salary and benefits is important to you in a job? Consider factors like company culture, work-life balance, opportunities for growth, and alignment with your personal values.
- Explore different paths: Don’t limit yourself to your previous job title or industry. Research new fields and roles that interest you and allow you to utilize your skills differently.
- Create a vision board: Visually represent your ideal work environment, tasks, and career aspirations. It’s a great way to stay focused and motivated during your job search.
- Talk to people in your desired field: Connect with professionals in your dream job to gain insights into their daily work, challenges, and rewards. This can help refine your vision and ensure your skills align with the role’s requirements.
Keep your skills sharp: Empower Yourself with Growth
While searching for a full-time role, seize this opportunity to sharpen your skills. Take on part-time work, volunteer for meaningful projects, or enroll in online classes to expand your expertise. During interviews, emphasize how these experiences have kept your skills fresh and equipped you with valuable knowledge. Stay proactive, and your newfound competencies will become key selling points.
- Take online courses: There are countless affordable online courses available to learn new skills, refresh existing ones, or even earn certifications that can make your resume stand out.
- Volunteer your skills: Contribute your expertise to a cause you care about while gaining valuable experience and building your network.
- Freelance or consult: Offer freelance services to stay active in your field and demonstrate your ability to work independently.
- Attend workshops and conferences: Stay updated on industry trends and connect with other professionals by attending relevant events.
Know your worth: It’s Time to Advocate for Yourself
It’s easy to feel undervalued after getting laid off, but remember, your worth shouldn’t plummet just because of that. Don’t settle for less because you’re currently unemployed. When discussing offers, assertively negotiate for fair compensation. Employers admire candidates who demonstrate confidence and know their value. So, be courageous, and let your voice be heard during these discussions.
- Research salary benchmarks: Know the average salary range for your desired role and experience level in your location. Use this information to set realistic expectations and negotiate confidently.
Additional reading: Learn some valuable tips from Tiktok Salary Interviews
- Highlight your accomplishments: Don’t be shy! Quantify your achievements and contributions in previous roles to showcase your value to potential employers.
- Practice your negotiation skills: Role-play salary negotiations with a friend or counselor to feel more comfortable and prepared for the real deal.
- Be confident and professional: Believe in your skills and experience. Communicate clearly, ask insightful questions, and stand your ground respectfully when advocating for your worth.
In A Nutshell,
Job loss can be tough, but with the right approach and support, anyone can overcome it and land their dream job. Know someone who would benefit from this? Share it with them, have them take action today, and use these expert tips. And remember to tell them: you’ve got this!