CareerLink

Bouncing back after losing your job

back to listings

Bouncing back after losing your job

BY Skillset 03 Aug, 2022

Losing your job can be a traumatic experience. You may have been made redundant, had your contract terminated or had to resign suddenly due to personal reasons. Regardless of the circumstances, you may feel overwhelmed and a little bit fearful about what the future may hold.

At such a challenging time, it can be difficult to think about the next steps you should take. Here are Skillset’s top tips for bouncing back after losing your job:

Give yourself time to reflect

As with any loss, you need time to process what has happened to you. It is normal to have a range of emotions – you might be sad one day and feel anger another day. When you are ready, talk to friends and family about your job loss as it will help you sort through your feelings and experience. During this period, it is important to stay optimistic – even though you may be unhappy about losing your job, there are always positives. You may be able to take a holiday, reconnect with a hobby, do some volunteering, undertake a course or start back at the gym. Remember every cloud has a silver lining!

Review your finances

One of the worst parts of losing your job can be the financial uncertainty it brings. As a result, check your expenses and work out if there is any superfluous expenditure that can be wound back. Develop a budget for the next few months taking into account any major bills you may be anticipating. This exercise will give you peace of mind and will also help you gain some control over your situation. It is also worthwhile researching what government payments you may be eligible for to understand if you can get some financial assistance whilst unemployed. If you are very concerned about your financial situation, consider contacting a financial counsellor for advice.

Figure out your next move

Once you are through the initial stages of losing your job, you should start contemplating your next steps. Do you want to get a similar job to the one you just lost? Do you want to go into a different sector? Do you want to have a break and improve your skills? Would you like to try something completely different and change careers? 

Your job loss is a potential career opportunity, so before you make any decisions about your next move it is recommended that you:

  • Conduct research about possible jobs, careers or organisations you would like to work for
  • Talk to friends, family and previous colleagues about potential career movements
  • Consider using a career consultant or career adviser to understand the options you have and the approaches you can take.

Get your career development documentation and tools in order

If you are thinking about diving back into the job market, then it is a good idea to review your career development documentation and tools. This means:

  • Updating your CV/resume
  • Updating your LinkedIn profile
  • Developing profiles on job platforms such as SEEK, CareerOne and Indeed so you can receive timely information about job opportunities.

It is also advisable to clean up your social media accounts to ensure the content is appropriate. Remember that employers, hiring managers and recruiters review the social media accounts of job applicants to determine their suitability for a particular job/organisation. As a result, it is essential that your social media accounts portray you in a flattering way!

Connect with your network

Even though you may want to hide for a while after your job loss, contacting your network may be extremely valuable. Most people have experienced job loss in some form during their careers and therefore it is likely you will not only get a sympathetic ear (which will make you feel better!) but you may also get ideas about job opportunities and/or next moves, as well as job offers! It is estimated that between 60% to 80% of jobs in Australia are not advertised through traditional recruitment channels. Instead, these jobs are filled through networking and word of mouth. If you are looking for a new job, your network may be the best way to find your next career opportunity!

 

 

You may also like

Emotional Intelligence and the workplace
CareerLink 03 Aug 2022

Emotional Intelligence and the workplace

Having emotional intelligence or EI is increasingly seen […]

Writing a Professional Summary in your CV or resume
CareerLink 03 Aug 2022

Writing a Professional Summary in your CV or resume

A professional summary is an important part of […]

Australia Skillset would like to acknowledge and pay respect to the traditional custodians of the lands on which we work.
We are honoured to be on the ancestral lands of those whose cultures are among the oldest living cultures in human history. We pay respect to the Elders, past, present and to the younger generation of the community who will be the future leaders in years to come.