Will You Be Ready for This? 5 Steps to Prepare for a Layoff

The actress, Valerie Harper, was recently on TV discussing her amazing journey with cancer. Doctors had told her that she had only 3 months to live so she prepared herself for the inevitable – well, that was one year ago! She told the interviewers that she is thrilled and grateful for her progress and acknowledges she still has cancer, but after all is said and done, we are all “terminal.” Her comment made me think that as much as we’d like to believe to the contrary, unfortunately, there is no such thing as 100% security in life. You could be here today and gone tomorrow.

The same can be said for your career. You may think you have the best job working for the greatest company, but unfortunately there is no such thing as a sure thing. As the popular career blog, Careerealism, notes on its home page, “every job is temporary.” Today, it is a common occurrence to hear stories about people who are completely blindsided when they are laid off at work.

I read a great article recently on Monster that sets out the “7 Signs You’re About to be Fired.” http://career-advice.monster.com/in-the-office/Workplace-Issues/signs_you_are_about_to_be_fired/article.aspx?wt.srch=1&wt.mc_n=olm_sk_disp_td_tbl_RON61_img32

According to the article, the 7 signs are as follows:

1)   Your Level of Responsibility Has Taken a Nosedive

2)   The Boss Is Avoiding You

3)   You’ve Been Disciplined Recently

4)   All Hail the Robots! (Your job can be automated)

5)   No More Professional Development

6)   Your Company Was Recently Acquired

7)   You’ve Been Asked to Create a Job Description for Your Position

I would add to this list:

·      You’ve been passed over for a promotion.

·      You’ve been asked to train someone on part or all of your job duties.

Now, I don’t want you to panic if you can answer, “yes” to any of the above; instead I would urge you to think of every job as being temporary and to take the following steps to make sure you are prepared in the event you are ever given the pink slip.

Step One – Create a Vision for Your Career

I often come across people who have a narrow viewpoint of their career because they never take the time to think about what they really want or they're so afraid of losing what they have that they are willing to settle for less. The most proactive approach to getting ahead in your career is to think of it in the long view. When you take the time to set an intention, you are a thousand times more likely to reach it. Instead of letting your career happen to you, empower yourself to firmly take control of your career progression by thinking of yourself as CEO of your career.

Ask yourself these questions:

-       Where do I want to ultimately end up in my career? (For example, President of a Fortune 500 company in the tech industry.)

-       What will it take for me to implement my vision?

I know there are some people out there thinking – “Oh well, I’d like to be the next Bill Gates or Donald Trump.” Obviously, this will require a realistic viewpoint and that you take into account what would be a good fit for you based on your personality, attributes, skills, natural abilities, and experience. However, it’s always a good idea to aim high. You could emulate Donald Trump if you really wanted to – just perhaps on a smaller scale.

Step Two – Take Inventory of Your Accomplishments

It’s extremely important to know your value in the marketplace and to be able to articulate your worth. Companies want employees who will add to their bottom line and solve problems for them.

I hope you’ve kept a folder with notes about your career accomplishments as I’ve recommended in past blog posts. If not, it’s never too late to get started. Be sure to think in terms of the results you’ve delivered in relation to your job duties and of course, quantify them when possible. Be sure to include them on your resume, LinkedIn profile and cover letter – then be prepared to talk about them during interviews and when networking.

Step Three – Prepare Stellar Personal Marketing Materials

Make sure you have a powerful, up-to-date resume together with other marketing documents such as a LinkedIn profile and cover letter that “sell” you to prospective employers. If you want to get a prospective employer’s attention, your resume needs 7 elements in order to make an impact.

It should:

1)   Have a clear strategy. What is your career objective?

2)   Be written for your target position.

3)   Grab attention at the outset in the Summary Section.

4)   Define your brand.

5)   Focus on your accomplishments.

6)   Be clear & concise.

7)   Visually capture the reader’s attention with eye-catching formatting elements.

Step Four - Engage in Purposeful Networking

Assuming you are clear about what you would want to do, consider where you would like to work. Put together a profile of the ideal company prototype taking into consideration the company size, location, industry, and corporate culture.

Once you have a clear picture of where you want to work, make a list of the top 10 - 20 companies that fit your description (40 - 50 would be better as you will eliminate companies as you research them).  Research those companies to make sure they are in alignment with what you have in mind.

Finally, begin cultivating contacts and relationships with people in those companies. The idea is to engage in purposeful networking before you have to.

Step Five – Take stock of your finances

Here are a few quick things you can do to protect your finances:

1)   Set up an emergency fund of 3 – 6 months of income to tide you over while you look for your next position.

2)   Find out what compensation you would be entitled to if you were let go. For example, would you receive unemployment benefits and for how much?

3)   Make sure you can handle payments of any outstanding debt or loans.

4)   Write down money-saving strategies you can implement if necessary.

So, what do you think?

How have you prepared for the possibility of losing your job? 

Do you have any tips to add to the above? I'd love to hear your thoughts in the comments.

There are 3 types of people: winners, losers, and…

I heard Les Brown, the famous motivational speak say this –

There are 3 types of people, winners, losers, and people who haven’t discovered how to win.

If you’ve been looking for a job for a long time without success, you might be tempted to think of yourself as a loser at the job search game, but the fact is that you aren’t; you just have to figure out how to win the game.

In my last post I talked about how listening to the “bad” news about the employment outlook can discourage job seekers so much that many have given up and abandoned their efforts to find a job; they believe that there just aren’t any jobs out there. This negative thinking that will set you up for failure and sabotage your efforts. The truth is that there are many jobs out there; you just have to use the best methods for finding them.

A number of years ago, I worked with a woman named Susan who had been out of work for more than a year. Susan was in her early 50’s, the victim of downsizing, and looking for a job as an office manager. By the time she came to me to write her resume and give her job search pointers, she was desperate and willing to take a lower level job.

As I recommended, she did her best to use multiple methods for finding a job. In addition to using traditional methods (responding to advertised positions), she also focused on networking and directly contacting companies.

There was a small restaurant she frequented while searching for a job in NYC where Susan became friends with the waitress who worked there. The waitress told her that she heard that there was a job opening in the company across the street for a property manager. While Susan didn’t have direct experience with property management, she knew she was capable and would be able to do the job. Thanks to the waitress, she was able to set up an interview with the prospective employer.  When he expressed doubt about her ability to be a property manager since she had no prior experience, Susan offered to work without pay for two weeks to prove that she could do the work. She did such a great job that she was hired and paid for the two weeks she worked.

The moral of this true story is:

Never give up.

Believe it’s possible and that opportunities will come your way because you never know where your next job will come from!

Don't Believe What You Hear in the News

Sluggish economy…

Raging Debt…

High unemployment…

These are negative messages we hear on a daily basis about the state of our country’s economic condition - and we’ve heard them for years now. It is no wonder that thousands of people have given up and stopped looking for a job.

Not only do people believe the bad news they hear, but they accept the negative messages they believe about themselves –

I’m too old to get a job, they won’t hire me…

I’ve been out of work too long…

I’m competing with others who are more talented (educated, smarter, etc.) than me…

But, what if you believed that there ARE jobs out there – AND you can get the one you want - regardless of the bad news?

I saw the movie The Internship this weekend and while it was an uplifting movie over all, the clear message from the beginning was that young people today have to jump through hoops to get their first real job because it’s just not as easy as it used to be.

Consistent readers of this blog will know that I’ve been preaching FOREVER that the way to get a job and advance your career is to make yourself irresistible to employers so that they want you and are sold on hiring you even before you walk in for an interview.

So, if you SERIOUSLY want to get a job in today’s job market, here’s what you need to do:

(This advice applies to entry-level college grads as well.)

1)     Cultivate a winning mindset by starting a personal empowerment regimen

Ignore the bad news. Don’t believe what you hear. Instead believe in yourself. You can get the job you want if you’re willing to get the skills you need and willing to do what it takes to get yourself out there. Instead of listening to the bad news, fill your mind on a daily basis with positive messages. One of the best things you can do is to listen to motivational speakers on DVDs. Also fill your mind with positive affirmations – tell yourself “I can do it. It is possible.”

2)     Become Self-Reliant

No one is going to get you a job but YOU. You can read all the books in the world about how to get a job, join support groups, hire a coach, etc., but ultimately you are responsible for whether or not you get a job. You are the one who makes the decision about how much time and effort you are willing to invest to reach your goal.

3)     Have a clear vision for your career

Before you can look for a job, you have to be absolutely clear about the job you want. When you’re desperate for a job it’s easy to go after any job, but this will work against your efforts. It’s like fishing with a gun rather than fishing with a hook and bait. Once you have a clear vision for the job you want you can get the skills you need, write a focused resume, and target and contact the best companies that will be willing to hire you.

4)     Invest in yourself - develop your skills

Find out what skills you need for the job you’re targeting – then get those skills. The ways to find out are by looking at the list of qualifications in job postings and having conversations with people who have the job you want or are in that industry and who can give you the best advice about what you need to do or have to secure the job.

5)     Build your resume

Once you know what skills you need to get the job you want, it’s time to get the practical experience you need by using those skills so that you can add that experience to your resume. Keep in mind that it doesn’t matter if that experience is paid or not as long as it’s relevant experience.

6)     Get a professionally written resume

Your resume is the first chance a hiring manager gets to meet you. You don’t want to ruin your chances of being called in for an interview. The majority of people don’t have the writing and marketing skills to present their accomplishments on paper in the strongest light. Hire an expert to do it for you.

7)     Go after a job; don’t be passive

The most effective ways to get a job involve meeting face-to-face with people (networking) and contacting your target companies (direct contact). Spending the majority of your time applying to job postings is like taking a shot in the dark approach. It just won’t help you to get yourself out there.

8)     Be persistent in the face of failure

It is true that finding a job today is not easy and it may take longer than you’d like. There are tons of jobs out there (many of them unadvertised) but you have to be relentless. Think of yourself as a bulldog going after a bone.

9)     If you can’t get the job you want right now, do this

If it takes longer than you’d like to get the job you want you can: a) get a bridge job, b) work as a consultant or c) start your own part-time business in order to support yourself and pay the bills until you get the job you want. Remember, you always have options even when you think there are none.