How to survive a layoff

Financial crisis has forced many companies to save the money, by letting some of the employees go, in order to survive. Instead of cribbing about the fate that has befallen upon you it´s important that you start thinking “what next?”

Here are seven tips of what you can do if you have been sacked.

1. Negotiate with your employer to get a good severance package.

There has been cases where the companies offer 1 year salary to their sacked employees. Try to negotiate with your employer. After all, you are already sacked and they can do you no more harm.

2. Pay your debts

The first thing you should do with the money you get from your ex-employer is to make a payment for any debt you have, home loan, creditcard payment or personal loans. If you are failing to pay up it may come to hound you later, via your credit rating, when your financial condition improves.

It´s also importent to postpone your decisions to buy a home or borrow money for some other purpose.

3. Look for jobs

Try to find a job matching your skills and profile, even if on a temporary basis. Be willing to compromise on salary as your top priority is to keep working in your field so when a real opportunity knocks you can race ahead of the others.

4. Grocery Expenses

If you are laid off or fear a layoff every penny should count. Visit your nearest discount stores and find out who sells your items of daily need cheaper.

5. Socialising Expenses

If you are laid off or fear a layoff it´s important that you avoid things like vacations, sleeping in hotels etc.

6. Ask parents for money

If your severance package amount fails to meet your monthly expenses you can ask your parents for money. You can also ask a good friend for a loan but remember that borrowing money from your friends can sometimes spoil a friendship.

7. Work on your resume

You should spend a lot of time working on your resume, preparing for interviews, adding new skill sets related to your job profile and networking with people (online and offline).

Top job interview bloopers

A survey, carried out by a career website, were over 3000 managers and human resources professionals participated in revealed what you as a job seeker need to avoid to land the job.

Fifty-one per cent of managers said “dressing inappropriately” for an interview was the biggest mistake a jobseeker could make. It gives them impression that you as the candidate didn´t bothered to research the company, industry or the culture.

Forty-nine per cent of managers said that complaining about a former employer is one of the biggest mistakes you as the candidate can make.

Forty-eight per cent of managers said that if you seem disinterested you won´t get the job. Job seekers appear disinterested when they haven’t researched the company and don’t have any questions.

You should avoid asking about salary on the first interview and focus on selling the product, which is you.

Another thing interviewers hate is answering a mobile phone during an interview. Remember to turn off your phone before entering the room.

It´s great if you are friendly but you should avoid to be “too friendly” since interviewers may try to draw candidates into a “false sense of security” to see if they stay professional.

Don´t use slang. It´s unprofessional and annoys older managers.

Don´t tell to many details when asked “tell us about yourself”. Instead, have a personal statement of two to three minutes prepared which highlights your key strengths and how they are relevant.

Arrogance won´t land you the job according to the survey. Even if you have been successful all your life, you still need to taken the initiative to learn about or show interest in the company. Showing you are confident but asking about the company and how you can contribute will avoid coming across as arrogant.