Preparing
For Job Loss

The shaky economy has many employees fretting about their futures. Even if you think your job is secure, you’d be well-advised to prepare for unexpected job loss. Here are 10 things you can do now to be prepared in case you do get laid off.

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6Educate yourself

Take advantage of any education opportunities offered by your company, whether by taking classes they provide, or by securing reimbursement for education expenses. Even if your company doesn't offer this type of benefit, seek opportunities to learn new skills on your own. You'll make yourself more valuable to your current company and more attractive to another if you're continually adding to your skill set.

7Keep your resume up to date

Make sure you record any new skills you've mastered on your job, as well as any significant milestones or achievements. Keep contact information for people who can provide you with positive references should you need them.

8Don't look for a new job from your current job

Your employer can check what you do with company equipment or the office Internet connection, so don't check job hunt websites like Monster.com or email your resume to prospective employers while you're on the job. Do it at home on your own time.

9Talk it over with your partner

Keep the lines of communication open with your partner and the rest of the family, if appropriate. That way you can work together to prepare for a layoff, particularly since they will feel the impact of your preparations.

10Think positive

Don't dwell on the possibility of a layoff, but be prepared, and know that if it does happen, you're ready for it.

More career tips for layoffs and finding a new job

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Comments

Comments on "10 Tips to prepare for a layoff"

Lauren January 21, 2013 | 12:25 PM

Great tips! I think it's important to always have savings and always be prepared for the worst.

Emily August 20, 2012 | 3:05 PM

There's nothing worse than a lay off, but being prepared will help. I think it's vital to have a few months worth of bills in savings just in case anything happens to your job. This will give you time to find another job without losing your home or ruining your credit. Thanks for the great tips!

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