Monday, May 20, 2024

What to Do First When You’re Suddenly Unemployed

Finding yourself suddenly unemployed feels like a punch to the face. Losing your job is daunting and emotionally challenging, not to mention the anxiety that inevitably tags along with it. My advice? Take a day and be sad; yell, cry, eat your weight in ice cream while you watch your favorite comfort show. Then kick it into gear to get the job you deserve.

Here are five important things to do when you find yourself unexpectedly unemployed:

Assess Your Finances: It’s never fun, but let’s talk money. The first and most crucial step when you’ve suddenly lost your job is to assess your financial situation. If you already have a budget, great! If not, create one to better understand your monthly expenses and calculate how long your savings (if you’re fortunate enough to have one) can sustain you. Prioritize essential expenses like housing, utilities, and groceries. This is definitely going to help you determine your immediate financial needs and whether you need to make any adjustments to your lifestyle.

File for Unemployment Benefits: In many countries, unemployment benefits are available to help individuals who have lost their jobs involuntarily. Check your eligibility and file for unemployment benefits as soon as possible (lame fact: independent contractors don’t qualify for unemployment benefits, so make sure you understand your employment status before you try this). These benefits can provide you with some financial relief while you search for a new job.

Update Your Resume and LinkedIn Profile: LinkedIn can be a scary place. But it’s a necessary evil in this job market. Dust off your resume and update it with your most recent accomplishments, experiences, and certifications. Make sure your LinkedIn profile is current and showcases your skills and qualifications. Having an up-to-date online presence is essential, now more than ever, for networking and job hunting.

Network and Seek Support: Another necessary evil? Networking. Reach out to your professional network, friends, and family for support and job leads. Go the extra mile and attend networking events, industry conferences, and online job boards to explore potential opportunities. Networking can open doors to hidden job vacancies and valuable advice from others who have been in your shoes. We all know by now that in this market it’s not what you know, it’s you who know.

Explore Training and Upskilling: I’m a silver linings kind of gal, so take this with that in mind. Losing your job can be an opportunity for personal and professional growth. It’s worth it to consider taking courses or certification classes to elevate your skills or explore a new career path. Upskilling can make you more marketable to potential employers and it’s definitely a boost to your confidence during the job search.

Here are five tips for if you find yourself suddenly unemployed.
Here are five tips for if you find yourself suddenly unemployed.

Rule number one? Remember that losing your job is not a reflection of your worth or abilities. It’s a challenging situation that can happen to anyone. Staying positive, maintaining a routine, and seeking support from friends, family, or a therapist can be essential during this time. Don’t be afraid to ask for help!

You’ll get through this, and this writer knows that good things are coming for you. 

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