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What to Do When You've Been Laid Off
Getting laid off can be one of the most devastating events in a person's life. But it doesn't have to be. The massive layoffs of 2008 have taught us that there are a number of tried-and-tested ways to bounce back after a layoff. In some cases, you might even end up better off than you were before. Think of the old saying, "When one door closes, another one opens." Getting back into the job market after a layoff can lead to more and better opportunities than you could ever imagine.
In this guide, we are going to be talking about dealing with being laid off in terms of both the emotional and the practical aspects. Taking these practical steps should hopefully secure you the job of your dreams.
Let's get started with one of the most difficult aspects of being laid off - dealing with the shock of becoming unemployed.
1. Dealing with the Shock of Getting Laid Off
Dealing with the shock of getting laid off is one of the most stressful things a person will ever have to overcome. It triggers all sorts of emotional issues, as well as practical ones related to what to do next. Dealing with the emotional side is the only way to get over the paralysis that often comes with such bad news. There’s A LOT to do once you are laid off, so you need to be at your best.
The first thought for most people is, "Why me?" They often feel that they might have done something to deserve being laid off. This might potentially be true if they haven't been working their best. However, in most cases, a layoff is a purely financial decision on the part of the company, and not something to be taken personally. It often means either the most expensive personnel, and/or people considered to be surplus personnel, are laid off.
If you are only one of a small number of people getting laid off, this can be extremely distressing. If you are part of a large number of people who are laid off, such as occurred in 2008 and 2009, you might take some comfort from the fact that you were one of many. However, you might also be worried that there will be many people just like you looking for the same jobs.
This being the case, it is important to be clear about what to expect once you are laid off, and to know your rights. It also means rolling up your sleeves and getting the jump on everyone else by starting to look for a new job despite feeling devastated.
The Impact on Loved Ones of Being Laid Off
This positive can-do attitude is particularly important if you have a spouse/partner and children who are depending on your income. It can be devastating when your paycheck suddenly vanishes overnight. It can be even worse if you get laid off at certain times of the year, such as just before the end-of-year holidays.
But you can survive even this is you are honest and proactive. You should already have a household budget in place, but if you don't, this should be your first step. Note down the essentials each month, such as rent/mortgage, food, utilities, internet, car or transportation expenses, and so on. Everything else should be considered a luxury until such time as you are earning a steady paycheck once more.
Discussing your new pared-down budget with loved ones old enough to understand what's at stake can go a long way towards taking the financial pressure off you. It is a question of priorities and surviving the tough times by being smart.
Let's look next at the practical aspects of the actual layoff itself, and what your immediate steps will be in the aftermath of this event.
2. Know Your Rights and Get What You Can
It's hard to think straight when you have just been laid off, but what you do in the immediate aftermath of the layoff can make all the difference between success and failure when it comes to coping with this challenge.
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