Losing your job can feel overwhelming. Whether it came out of nowhere or was something you saw coming, it can leave you wondering what to do next. But take a deep breath—while this moment is difficult, it’s also a chance for a fresh start. Here’s a step-by-step guide to help you navigate this transition and come out stronger on the other side.
Step 1: Take a Moment to Breathe
The first thing you need to do is pause and take a breath. Losing a job can feel personal, but it isn’t a reflection of your value. Give yourself some time—whether it’s a few days or a week—to process the change, clear your mind, and reset. A calm, clear mindset will help you make strategic decisions moving forward.
Step 2: Review and Negotiate Your Severance Package
If you were offered a severance package, take the time to review it thoroughly before accepting. Don’t feel pressured to sign right away. A severance package isn’t just about the payout—it may also include health benefits, unused vacation time, and other perks. Consider negotiating for better terms, especially if you have leverage, like a long tenure with the company or specialized skills.
Things to look for in a severance agreement:
Severance pay: Does the package provide an amount that aligns with your years of service?
Health insurance: How long will your employer continue your health benefits under COBRA or another option?
Unused PTO: Are they paying you for any unused vacation or sick days?
Non-compete clauses: Be mindful of any limitations the company may try to impose on your future employment.
If you’re unsure about how to negotiate or don’t feel comfortable, consider consulting an employment lawyer. Many will review severance agreements and offer advice.
Step 3: Check State Requirements for Unemployment Benefits
If you receive severance pay, it might impact when you can apply for unemployment benefits. States have different rules on when you can begin receiving benefits, especially if you’ve been given a lump sum or scheduled payments over a set period. Check with your state’s unemployment office to see what applies in your situation and apply as soon as you're eligible.
Step 4: Update Your Resume and LinkedIn
Once you’ve processed the initial shock, it's time to get back into job search mode. Start by refreshing your resume and LinkedIn profile.
Tips for updating your resume:
Focus on achievements: Highlight measurable results (KPIs), such as increased sales, process improvements, or cost savings.
Be ATS-friendly: Many companies use Applicant Tracking Systems (ATS) to screen resumes. Ensure your resume includes relevant keywords from job descriptions.
Tailor it: Customize your resume for each role to align with the specific skills and qualifications they’re seeking.
For LinkedIn:
Update your headline and summary to reflect your current status and what you’re looking for next.
Add any new skills, certifications, or accomplishments.
Let recruiters know you’re open to new opportunities using the “Open to Work” feature.
Step 5: Set a Job Application Goal—Apply to 5 Jobs a Day
Consistency is key when job hunting. Set a goal to apply for at least five jobs per day. It’s a manageable number that keeps you actively searching while leaving time for other important activities like networking and skill development.
When applying:
Prioritize quality over quantity. Tailor each application to the job you’re applying for.
Keep track of the positions you’ve applied for, so you can follow up or prepare if you’re contacted for an interview.
Step 6: Upskill and Learn Something New
Job hunting is important, but it shouldn’t consume your entire day. Use part of your time to improve yourself professionally. Whether it's taking an online course, earning a new certification, or developing a skill you've always wanted to learn, this investment in yourself will make you more marketable and competitive.
Some popular platforms to check out:
LinkedIn Learning: Offers a wide variety of courses on everything from project management to soft skills like communication.
Coursera and edX: Both provide access to university-level courses and certificates in fields like data science, marketing, and business strategy.
Udemy: Offers affordable courses on a range of professional and creative skills.
Step 7: Network, Network, Network
Many job openings aren’t advertised online. Networking can open doors to opportunities you might otherwise miss.
Reconnect with former colleagues: Let them know you’re in the market for new opportunities.
Join industry-specific groups on LinkedIn: Participate in discussions, and share valuable content to stay visible.
Attend virtual or in-person events: Industry conferences, webinars, and networking events are great places to meet potential employers or learn about job openings.
Networking isn’t just about asking for help—it’s about building relationships. Offer assistance where you can, and be genuine in your interactions.
Step 8: Take Care of Your Mental and Physical Health
Job loss can take a toll on both your mental and physical well-being, so make self-care a priority. Here are a few ways to stay grounded:
Exercise: Regular physical activity can improve your mood and energy levels.
Mindfulness and relaxation: Consider practices like meditation or yoga to reduce stress.
Talk to someone: Don’t hesitate to reach out to friends, family, or a professional counselor if you’re feeling overwhelmed.
Step 9: Stay Organized
Job searching can quickly become overwhelming if you’re not organized. Set up a simple system to track the jobs you’ve applied to, upcoming interviews, follow-up emails, and networking contacts. This will ensure nothing slips through the cracks and will make you feel more in control of the process.
Step 10: Keep a Positive Mindset
Finally, while this period may feel uncertain, staying positive and determined is crucial. Remind yourself of your strengths, accomplishments, and the value you bring to any organization. Setbacks happen, but it’s your response that will shape the outcome.
In Summary
Losing your job is undoubtedly challenging, but by following these steps, you can turn this setback into an opportunity for growth. Review and negotiate your severance, check your eligibility for unemployment, and get started on updating your resume and LinkedIn. Apply to jobs daily while also investing time in learning new skills and networking. And most importantly, remember to take care of your health and mindset throughout the process.
This phase is temporary—what’s next for you could be even better! Keep going, stay focused, and don’t be afraid to reach out for support when you need it.
Comments