FORECASTING AND SURVIVING A LAYOFF OR DOWNSIZINGWritten by Teena Rose
Dirty words for jobseekers include downsizing, acquisitions, mergers, closures, cutbacks, and layoffs. No one wants to lose their job, especially with rising gas, utility, and cost-of-living prices. Just mention of proposed company changes has employees turning to rumor mill with same aggressiveness that paparazzi clamor for celebrities’ pictures. Let’s be honest, no one looks forward to being let go, for any reason, and unemployment isn’t enough to keep most families afloat. People rely on their incomes; therefore, identifying any hint of a layoff is critical to jobseeker survival. Facing unemployment can be daunting, but true test is how you prepare for it with time you’re given. Unlike days passed, companies rarely announce an upcoming layoff, unless story is leaked and somehow makes six o’clock news. A number of reasons account for these tactics, for example, attitude and dedication of employees oftentimes change once their necks are potentially on chopping block. In addition, private documents may suddenly disappear at hands of disgruntled employees. Companies have too much to lose, so you can understand need to keep a layoff or downsizing hush-hush. So, how do you learn what’s going on behind your back? Companies doomed with potential layoffs oftentimes drop breadcrumbs before making cuts: A management or executive-level restructuring, elimination of a second or third shift, and changes in inventory or production levels, are all signs that something is going on. Ask co-workers, particularly those involved with inventory and clients, how things are going. Account managers, for example, will be first to know when a large client won’t be renewing a major contract or if sales have dropped significantly. An inventory and procurement professional will be one to ask whether suppliers have stopped being delivered to due to late or non-payment issues. Check pulse of local media. Newspapers and business publications can offer a window into financial health of your employer. Stories and articles covering missed contracts or severed business relationships should capture your interest. Keep in mind, negative indications doesn’t mean you should react hastily. Companies always undergo changes — more so in today’s market. Cutting fat and shifting to lean operations is a necessity to staying profitable and continuing to grow in competitive markets. As companies are being transformed, retraining or cutting back on staff is sometimes unavoidable. Let’s say above signs are present in your situation. Immediately shift into survival mode, especially if layoff is rumored to happen within hours or days. Have you heard adage, a large project is better completed when broken down into proportional smaller projects? Facing unemployment or termination is much more manageable and “chewable” if you conduct an in-depth analysis of where you stand.
| | Layoff Survival: The Value of a Job Search DiaryWritten by Virginia Bola, PsyD
Looking for a job involves a wide range of responsibilities: preparing a resume, looking at ads, contacting employers, calling and visiting friends and acquaintances, follow ups, interviews. While none of us ever plan to be out of work for very long, it can be very useful to immediately start documenting your activities and your feelings to provide a road map of where you have been and where you want to go. It helps to have a central location for recording your daily actions so you don't miss anything important or forget a critical deadline. It is also reassuring to have somewhere to go when you're feeling blue and too lethargic to go anywhere or do anything you consider "productive."Start a job search diary right now. Even if you have been unemployed for some time, start one anyway because a late start is better than never doing it at all. Take a plain old exercise book and title it: Job Search Diary. Find a spot to keep it where it will always be close at hand when you need it, probably several times a day. If you are newly jobless, start out by recording your feelings. Writing out (keep it simple, it's not great American novel) what you are thinking, in black and white sentences, helps to sort out your jumbled emotions, clear your mind, and reach a better understanding of your inner self. Jot down your anger, your fears, what you expect, what you secretly dread. Pouring out your soul will release a lot of inner tension you're feeling and soothe your nerves. This record is for you - no one else will ever see it - so you can be brutally honest. If you fear you are a loser who will never amount to anything, write it out. If you think you're really a good, competent worker but your old boss was a jerk or company sucked, put it down. If you have been out of work for a while, make your initial entries a recap of what has been happening in your life since you lost your job. Trace sequence of events and see if you can remember how you felt at different times. There were probably times when you were overwhelmed and stressed out: record when you felt that way and, if you can recall, what activities you were engaged in when those feelings appeared. There were also probably times when you felt hopeful or elated. Record that too and what events were connected with such emotions. Use your diary as a place to plan what you want to do. List all activities that you are going to perform that will get you back to work. You might initially plan on updating your resume and reading classifieds to gauge state of labor market. If you are further along in job search, you might list some networking targets or identify some employers where follow up on earlier contacts might be beneficial. Frequently, throughout day, record what you did, who you talked to, how you felt.
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