Layoff concerns continue to be on the minds of Americans due to an uncertain economy. Since the start of 2023, U.S. companies have let go of an estimated 481,906 jobs. And while job cuts fell to the lowest point in nearly a year this past July, major companies like T-Mobile and CVS recently announced significant layoffs.
While cleared candidates often feel layoff-proof, depending on the contract or company, many are not immune from feeling the impacts of downturns in the economy. It makes sense to think about job security with the current conditions. If you’re worried you could be laid off or have recently lost your job, here seven recommendations to navigate these challenges, protect your mental health, and manage your finances.
The 7 Steps Towards Finding New Employment post Layoff
Being laid off can be a challenging and stressful experience, especially for security professionals. Due to the unique dynamics of the industry, you’ll most likely encounter limited job opportunities and increased competition.
However, it is important to remember that this setback can also present opportunities for growth and new beginnings. Here are some tips to help you navigate the initial shock and the path to finding a new role:
1. Handle With Grace
While facing a layoff, it is imperative to maintain professionalism in all interactions, whether with colleagues, superiors, or potential employers. This includes handling the news of your dismissal with dignity, focusing on your strengths and achievements, and refraining from negative talk about your previous employer.
Additionally, cultivating resilience will help you bounce back from setbacks and remain motivated throughout your job search.
2. Identify Your Strengths
Take some time at the beginning of this process and assess your skills, experiences, and accomplishments, especially from your most recent role, where this is still fresh. Understanding your strengths will allow you to effectively market yourself to potential employers and highlight what sets you apart from other candidates
3. Research the Job Market
Stay up to date with the latest trends and demands in your field. Research different roles and organizations that align with your interests and qualifications. This will help you find clarity in the direction you want to pursue for your career.
4. Update Your Resume and Online Presence
Revamp your resume to reflect your most recent accomplishments and showcase your expertise. Additionally, make sure your online profile is up to date and accurately represents your skills and experiences. A strong online presence is essential.
5. Tailor Your Applications
Avoid sending out generic job applications. Tailor each application, resume, and cover letter to the specific role and company you are applying to. Highlight the skills and experiences that are most relevant to the position and explain how you can contribute value to the organization.
6. Leverage Your Network
Contact colleagues, mentors, and other professionals in your industry to inform them of your situation and ask for any leads or recommendations. Networking is a powerful tool for uncovering hidden job opportunities and getting referrals.
7. Stay Positive and Persistent
Job hunting can be a lengthy and challenging process. It’s important to stay positive and maintain a proactive approach. Rejections are typical, but don’t let them discourage you. Keep refining your strategy, learning from each experience, and persistently pursuing new opportunities.
Don’t Forget Finances and Mental Health
When it comes to being laid off, it’s also essential to prioritize your mental health. Recognize that a career transition takes time and effort. Set realistic expectations for yourself and celebrate small victories along the way. Remember that setbacks are a natural part of the process.
And don’t forget that managing your finances is another stressor you’ll most likely face during this time. While losing a job will create significant impacts during this time, you’ll have an easier time navigating it through careful planning and budgeting.
Remember, being laid off does not reflect your worth or abilities. It is merely a stepping stone towards a new chapter in your security career. Stay focused, determined, and open to new possibilities, and you will find your path to a fulfilling and rewarding role.