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How to Deal with Being Laid Off: Your Immediate and Future Action Plan

Being laid off from your job is one of the most challenging experiences one can have. And thanks to the COVID-19 pandemic and the resulting economic downturn, more and more employees are being let go as companies across various industries are forced to cut jobs. If you’ve been laid off recently, or if you think there’s a chance it could happen in the near future, it’s important to take the right steps to make the most of an unfortunate situation. Here’s a guide to doing just that:

Give Yourself Time to Adjust

It’s essential to realize that a job loss is just that: a loss. Give yourself time to grieve – being laid off can feel like an outright betrayal since you didn’t do anything to deserve it. It’s an emotional time, so make sure that you don’t bottle up your feelings. Express how you’re feeling to your support system, like members of your family and close friends. Once you’ve accepted the loss and fully processed it, you’re ready to move on.

Make a Budget

One of the scariest things about being laid off is that you can’t be sure what your income will look like for the foreseeable future. Perhaps you’ve received a severance package from your old job; if you didn’t, you’ll need to apply for unemployment benefits. Taking these benefits into account is the first step in creating your budget for the near future. Start to think about what you can trim from your monthly spending to save cash in the short-term. Smart savings coupled with benefits you receive either from a severance package or unemployment should help to tide you over until you gain employment once again.

Get Your Search Started

Before you start applying to every job you can find, take a moment to think about what you want. This could be an important turning point in your career and life in general – perhaps it’s time for a career change, or maybe this presents an opportunity to go back to school. You might also try freelancing instead of looking for another salaried position. Once you know what you’re looking for in your job search, you can begin with a clear head and concrete goals.

Set Long-Term Goals

Now it’s time to set long-term goals for your job search. Try setting a weekly goal of 10 positions applied to, for example, or a monthly goal of 4 interviews completed. Treat your job search like a job, and you have the best chance of securing a new position that you really want and deserve.

Are you in the market for a new job? Let the professionals help. Contact Axiom Staffing Group to launch the next phase of your career.