Losing your job can be a challenging experience. You may have been made redundant, had your contract terminated or resigned suddenly due to personal reasons. Regardless of the circumstances, it is normal to feel overwhelmed and uncertain about what the future holds.
At such a time, it can be hard to know what steps to take next. Here are Skillset’s top tips for bouncing back after job loss:
Give Yourself Time to Reflect
As with any loss, you need time to process what has happened. It is normal to experience a range of emotions. You might feel sad one day and angry the next. When you are ready, talk to friends and family about your job loss as this can help you work through your feelings. During this period, try to stay optimistic. Even though losing your job is difficult, there can be positives. You might take a holiday, reconnect with a hobby, volunteer, enrol in a course or get back to the gym. Remember, every cloud has a silver lining.
Review Your Finances
Financial uncertainty is often one of the hardest parts of job loss. Start by reviewing your expenses and cutting back on anything unnecessary. Create a budget for the next few months, factoring in any major bills. This will give you peace of mind and help you regain control. Research government payments you may be eligible for and consider speaking to a financial counsellor if you are concerned about your situation.
Figure Out Your Next Move
Once you have processed the initial shock, start thinking about your next steps. Do you want a similar job? A new sector? A career break to upskill? Or a complete change?
Your job loss can be an opportunity to rethink your career. Before making decisions:
- Research possible jobs, careers or organisations
- Talk to friends, family and former colleagues about opportunities
- Consider consulting a career adviser for guidance
Update Your Career Tools
If you are ready to re-enter the job market, make sure your career tools are up to date:
- Refresh your CV or resume
- Update your LinkedIn profile
- Create profiles on job platforms like SEEK, CareerOne and Indeed
Also review your social media accounts to ensure they reflect you positively. Employers and recruiters often check social media when assessing candidates.
Connect With Your Network
It is tempting to withdraw after losing a job, but reaching out to your network can be invaluable. Many people have experienced job loss and can offer support, advice and even job leads. In fact, up to 80% of jobs in Australia are filled through networking rather than traditional advertising. Your next opportunity could come from a conversation.
Job loss is tough, but it does not define your future. By taking time to reflect, planning your next steps and connecting with others, you can turn this challenge into a new opportunity.
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