Sure, it’s mostly specific industries that have been feeling the squeeze—(think cars, airlines, and clothing-related industries.)  But can any of us really be certain it won’t hit us in our own places of work?

Of course not.  

So how do you get some level of control over your employment future? 

Answer:  By planning ahead.

According to Kiplinger’s Personal Finance, (www.kiplinger.com) “it never hurts to buff your image at work and get your finances in order—just in case that pink slip lands on your desk.”  Here are a few (abbreviated) tips from the January 2009 issue:

RAISE YOUR PROFILE

When layoff rumors start circulating, it’s time to make yourself indispensable.  This is no time to telecommute. 

 

UPDATE YOUR RESUME

And prepare more than one version, so that you can easily tailor it to suit the job you’re seeking.  Stress skills, accomplishments and other things that make you marketable in your field.  Ask yourself?  What kind of difference did I make?

 

STASH SOME CASH

If you can’t save your job, at least start saving for a time when you might not have one.   Many experts recommend three to six months’ worth of living expenses.

 

 

EXIT GRACEFULLY

If you do lose your job, keep your cool.  Having a good reference when you start your job search will be invaluable.  And file for unemployment right away because it can take awhile for some benefits to begin.

 

TAP YOUR CONTACTS

When it comes to finding a new job, your first task is to reach out to your network.  And “don’t just go to people you know, find people they know,” says  Judith Hoppin, president of the National Career Development Association.

 

So how ready are you in the event of a layoff?  Share your plans with Money Matters and More, so that we can help each other.  Email me at MoneyMattersandMore@yahoo.com

 

Thanks.

 

Heather Taylor

Posted Monday, January 26th, 2009 at 8:22 am
Filed Under Category: All Posts
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