Mar 13, 2023

How To Prepare For A Possible Layoff

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Do A Career Checkup While You Are Still Employed

Many professionals advise conducting a yearly career checkup, similar to an annual physical with a doctor. Check your resume to ensure it accurately reflects the new talents and tasks you've taken on, and consider creating a general cover letter.

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Use Social Media To Your Advantage

Websites like LinkedIn can help you introduce yourself to people who work for organizations or sectors that interest you. Maintain sporadic contact with them and keep any communications that have praised your work or attested to your expertise.

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Separate Your Personal And Work Data

Your employer has the right to monitor and collect anything you do while using corporate equipment. To prevent this, use only devices you own for personal usage to keep personal information separate from business computers.

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Make Financial Preparations

Having an emergency savings account can supplement whatever severance compensation and unemployment benefits you receive. Consider obtaining a home equity line of credit or, if that's not possible, applying for a low-interest credit card.

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Understand Your Legal Options

If you believe your employer might fire you for improper reasons, keep any evidence that can be used to support a legal claim. Seeking legal advice can also help you decide whether to file a formal complaint with your employer.

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Plan For The Moment

Layoffs may occur quickly, and you might find yourself on Zoom or in a room with someone who makes you feel uneasy. Allow the person to wallow in the stillness for a while and perhaps fill it with something to keep them from feeling uncomfortable.

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Thanks For Reading!

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