You suddenly find yourself thrust back into the job market after a round of layoffs. What next?
From updating your resume using a professional resume template to making the most of your personal and professional networks, there are several ways in which to approach your unexpected job search.
We’ve outlined some steps you can take to help ensure that you make a smooth transition, accept what’s happened, and get back on track as soon as possible.
The Reality of Workforce Reductions
Losing a job, or even the thought of losing a job, is never easy.
Statistics show that 48% of American workers have layoff anxiety—even if they haven’t been laid off. Forty percent of Americans have suffered a lay off in their lives. And nearly half of working Americans (47%) feel unprepared for a workforce reduction.
As of January 2024, nearly 5,500 companies have announced mass layoffs. The previous year, large tech companies like Amazon and Microsoft experienced layoffs. So, if you’re a recent victim of a mass workforce reduction and are feeling a bit lost and unsure of what to do next, here are some steps you should take:
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Don’t Rush
While you may not want nor be able to be out of work for an extended time, it’s important not to rush into the job market. Moving too quickly could lead you to take a job that’s simply not right for you.
Understandably, you might be feeling confused and possibly angered over the loss of your previous job. Take a moment to adjust, accept what’s happened, and collect yourself both emotionally and mentally. Perhaps your confidence is shaken, or you’re not thinking clearly. There are no conditions on which to approach a job search.
The amount of time needed to digest your current situation varies from one individual to another, so there’s no set time you should take. At least a few days would certainly be warranted.
Spend the time discussing options with a confidant, conduct a self-assessment about what you want moving forward, and even write down some “what-if” scenarios so you’re prepared before re-entering the job market.
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Update your professional profiles
When you’re mentally and emotionally ready to get back in the saddle, the first thing to do is update your resume and career-focused social media profiles, such as LinkedIn and Indeed. Make it known that you are currently searching for new employment opportunities.
While updating your resume, take a deep reflection on your skillset. Research job posts in your field and identify any possible skills gaps. Then, focus on strengthening those skills that most employers are seeking, if needed. Take online courses, enroll in a degree program, or pursue an industry certification. Be sure to tailor your resume to specific job posts and positions.
Note any technologies that you may need to brush up on. Attend a workshop, boot camp, or webinar that helps you build knowledge and abilities relating to these technologies. Obtaining recent certifications or even certificates of completion will show potential employers that you are adaptable and eager to learn.
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Adapt
Speaking of being adaptable, it’s crucial that you adapt to an ever-changing job market. The current job market may not be as it was when you were searching for jobs prior to landing your previous position, especially if a lot of time has passed.
Be open to opportunities outside of your field. You might find that your skills and background make you a good fit in an area you never considered before. Be flexible and willing to take on new challenges.
Applying for jobs in today’s market typically involves electronic submissions and possibly even digital interviews. If needed, brush up on these technologies. Make a video cover letter. Be sure that your resume contains keywords that will help ensure that it passes through an applicant tracking system (ATS) used by many companies.
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Network
It’s important to feel that you’re not alone as you navigate the job market after a recent layoff. Reach out to personal and professional contacts not only for support, but for job leads and even career advice.
Go to industry conferences, virtual events, and trade shows to network in-person with those in your field. Get in touch with colleagues who work at other companies and inquire about any opportunities in those organizations. Look up past schoolmates and even join professional associations to make new contacts.
Following up is an important aspect of networking. Always send an email or personal note thanking an individual for taking the time to speak with you or for providing a job lead. Use a follow-up to ask any further questions or possibly even volunteer your time, such as assisting with projects.
Networking might also include getting in touch with recruiters. Doing so will not only expand your connections but expose you to opportunities you might not find on your own, or to opportunities you did not even consider.
Wrapping Up
With the right planning and preparation, you can overcome the challenge of a workforce reduction and move on to other and potentially greater opportunities. Update your resume, strengthen your skills, brush up on recent technological advances, notify contacts of your current status, and be flexible throughout the job search process.
With the right tools, motivation, and persistence, you will be able to navigate your way to the next step in your career.
