Unemployment is high in the United States, and, as such, a lot of people have lost their jobs, and are trying to find new ways to make ends meet. While this guide will help you in your job search, we are also here to help you with finding a new job if you’re looking for a change. If you’ve been laid off, you already know the devastation of losing your job. And even if you aren’t currently a victim of economic uncertainty, the rising unemployment rate continues to hurt the job market in the U.S. Many jobs are being lost, and though that might not seem like a problem, the government statistics that show this is alarming.
What is Laid Off
Being laid off is one of the most traumatic and difficult experiences of a person’s life. Laid off from work can happen to anyone of any age, occupation, gender, and education level. It can happen at any time, as well. A layoff can be a permanent event, or it can be temporary. Laid off can happen at any time during your career in the workforce, it can even happen while you are still in the learning process and are just starting your career.
Once layoffs happen, it’s not uncommon to hear people lament that they didn’t prepare for the inevitable. There are plenty of ways to prepare for a layoff, and many ways to prepare for being unfairly dismissed. However, let’s say you didn’t expect to be laid off at all. Here’s what to do:
• Check on your final paycheck
There are many things you can do when you’re laid off from work. Some people try to find a new job before their unemployment runs out. But the truth is, you have only a few weeks to make a decision about a new job before you start collecting unemployment. This week, we’ll take a look at what your options are, and what to do if you’re laid off. If you haven’t checked your final paycheck yet, you’re probably wondering when you will get it. If you are getting a cut, you will get paid one week after the last day of the month. If you are getting a lump sum, you will get paid one week after the last day of the year. If you are getting a delayed payment, you will get paid two weeks after the last day of the month.
• Ask about your severance
You may have noticed that a lot of people have been laid off lately. There has been a lot of downsizing in the workplace — both large and small. In fact, unemployment is at one of the lowest rates in 16 years. Only a few years ago, you would have been fired for taking a vacation, sick, or even losing a couple of pounds. But now, with so many layoffs, people are starting to look for other options. If you are laid off, what do you do? How do you cut your expenses? Should you look for a new job? What is the best way to handle job loss? Generally, people respond to this question in two ways. One is to take it as an opportunity to move on to something else, perhaps by finding another job or starting your own business in some capacity. The second is to look for a severance package, which might be a lump sum payment or an extended severance. But what if you are not so fortunate to have an offer for compensation?
• Start your job search
Starting a job search is important for a number of reasons. First, you need to earn enough money to support yourself and any dependents, sustain yourself during your job search, and save for retirement. Second, you need to find a good job that you can be proud of and that will allow you to reach your full career potential. Third, job hunting is a skill that can help you get a better job in the future.
If you’re looking for a new opportunity, but your current job has ended or is in jeopardy, it’s important to start your job search as soon as possible. Many people wait too long to look for a new position, so this is a crucial time to examine your options.
Most of us have been there. An unexpected layoff. A job loss. A divorce. The loss of a home. You’ve experienced the pain and suffering with losing a job or your home and have begun to let yourself believe that you will never be able to find steady employment again.